WIG 20 falls 1.36% to 4,095.98 points at midday
Published on 11/03/2026 at 13:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWIG 20 under midday pressure
- The WIG 20 stood at 4,095.98 points at 12:51 Berlin time, down 1.36% on the session.
- Heavy declines in Allegro, KGHM and LPP outweighed gains in Tauron and selected banks.
- Investors were cautious ahead of US midterm election results and amid weaker European market sentiment.
The WIG 20 came under renewed pressure during Tuesday's session, extending its decline toward the 4,100-point level. According to Puls Biznesu, the index stood at 4,095.98 points at 12:51 Berlin time on November 3, 2026, down 1.36% from the previous close.
Large caps drive the decline
The weakness was concentrated in several heavily weighted large-cap names. Allegro was down 4.20%, KGHM fell 3.80% and LPP declined 3.48% in the GPW market snapshot at 12:35. Bank stocks were mixed: mBank lost 2.16%, while Pekao gained 0.67% and Alior rose 0.15%. Tauron, up 1.53%, was among the strongest WIG 20 constituents.
The intraday market pattern was consistent with a broader risk-off tone in Europe. Parkiet reported that the selling pressure had shifted from banks, which had weighed on the market during the previous two sessions, toward KGHM, Allegro and LPP. The publication also noted that the WIG 20 had moved below mid-October lows, bringing the index closer to a technical support area from early October.
Tauron results provide a counterweight
Positive company news offered only limited support. Tauron gained after reporting estimated third-quarter EBITDA of PLN 1,821 million and revenue of PLN 8,624 million, above market expectations of PLN 1,565 million and PLN 7,721 million, respectively, according to Parkiet. Eurocash also reported figures above expectations, but the strength in those shares was not enough to offset the declines among several larger index members.
Political and global uncertainty remain
Market sentiment was also shaped by caution ahead of the US midterm elections. Forsal cited an analyst view that investors could reduce portfolio risk before the election outcome and the expected changes in the US Congress. European index futures were also weaker in the morning, adding to the cautious backdrop for Warsaw equities.
The WIG 20's move below 4,100 points marks a clear deterioration from Monday's close at 4,152.65 points. Whether the early-October support area attracts buyers will depend on sentiment in global markets and on the reaction to the US election results. This is an assessment of market conditions, not an investment recommendation.
Further WIG 20 coverage is available on the WIG 20 topic page.
