Poland stocks lower at close of trade; WIG30 down 0.82%

Polish stocks closed lower on Monday, with energy, chemicals, and basic materials sectors contributing to the losses. The WIG30 index fell by 0.82%. Allegro (WA:ALEP) emerged as the best performer, rising 3.47% to reach 57.59. Dino Polska SA (WA:DNP) and Asseco Poland SA (WA:ACPP) also posted gains of 2.46% and 1.79% respectively.

Conversely, Jastrzebska Spolka Weglowa SA (WA:JSW) recorded the biggest decline at 4.72%. Cyfrowy Polsat SA (WA:CPS) and X Trade Brokers Dom Maklerski SA (WA:XTB) were among the other major losers, with declines of 4.64% and 4.29% respectively. The number of falling stocks outnumbered advancing ones on the Warsaw Stock Exchange by 366 to 176, with 109 ending unchanged.

Allegro's shares hit 5-year highs, closing at 57.59. Meanwhile, crude oil prices for December delivery dropped by 1.01% to $98.02 a barrel, while Brent oil for the same delivery fell 1.32% to $108.41. Gold Futures contract for December also declined by 0.42% to $4,163.50 a troy ounce. Currency-wise, EUR/PLN remained unchanged at 4.37, and USD/PLN increased by 0.27% to 3.90. The US Dollar Index Futures rose by 0.07% to 101.73.