News
Investor Activity on GPW in June 2026
June 2026 was a record-breaking month on the Warsaw Stock Exchange (GPW), marked by exceptionally strong investor activity across key market segments. The total value of share trading on the WSE Main Market reached a record PLN 63.5 billion, up 37.0% year-on-year. The average daily order book trading value climbed to a record PLN 2.66 billion. The WIG index ended the first half of 2026 at 135,646.96 points, up 29.6% year-on-year and 15.7% since the beginning of the year.
- PLN 309.0 billion – Main Market order book equity turnover value in H1 2026 (+27.3% YoY)
- PLN 2.51 billion – average daily order book equity turnover value in H1 2026 (+27.3% YoY)
- 32.7 million – number of transactions on the equity market in H1 2026 (+31.3% YoY)
- PLN 3.44 billion – ETF, ETN and ETC turnover value in H1 2026 (+136.7% YoY)
- 67.2 TWh – total electricity trading volume in H1 2026 (+14.9% YoY)
- 104.6 TWh – total natural gas trading volume in H1 2026 (+4.1% YoY)
Equity Market
June brought a significant acceleration in activity on the equity market. Total share trading turnover on the WSE Main Market increased by 37.0% year-on-year to a record PLN 63.5 billion. Order book turnover rose by 29.2% YoY to PLN 55.8 billion. The average daily trading value reached a record PLN 2.66 billion, up 23.1% compared to June 2025.
On 17 June 2026, the WIG Index reached a new all-time closing high of 140,339.70 points. Although the index eased slightly by the end of the month, it remained 15.7% above its level at the beginning of the year.
In the first half of 2026, total share trading turnover on the WSE Main Market amounted to PLN 321.7 billion, representing an increase of 27.4% YoY. Order book turnover reached PLN 309.0 billion (+27.3% YoY), while the number of transactions increased by 31.3% to 32.7 million. The average daily order book trading value stood at PLN 2.51 billion, up 27.3% year-on-year.
Investor activity on NewConnect weakened in June. Total share trading turnover declined by 49.2% YoY to PLN 156.9 million. In the first half of 2026, turnover amounted to PLN 1.24 billion and remained broadly in line with the level recorded a year earlier. The number of transactions exceeded 1 million, increasing by 11.1% YoY.
The GlobalConnect market recorded another month of dynamic growth. Share trading turnover increased by 149.6% year-on-year to PLN 25.4 million. In the first half of 2026, turnover reached PLN 175.8 million, compared with PLN 73.1 million a year earlier, representing an increase of 140.4%.
Structured Product and ETF Market
Investor demand for ETFs, ETCs and ETNs remained exceptionally strong in June. Total turnover in these instruments increased by 166.2% year-on-year to PLN 505.4 million.
The first half of 2026 also delivered record results. Turnover in ETFs, ETCs and ETNs rose by 136.7% YoY to PLN 3.44 billion, exceeding the total turnover recorded throughout the whole of 2025. The figures confirm the growing popularity of passive investment products among investors and the dynamic development of this market segment.
Turnover in structured products amounted to PLN 230.6 million in June and remained broadly unchanged compared to the previous year. In the first six months of 2026, turnover in structured products increased by 30.4% YoY to PLN 2.24 billion.
Derivatives Market
Total derivatives trading volume in June reached 2.03 million contracts, up 74.2% year-on-year.
The highest growth was recorded in currency futures, where trading volume increased by 173.5% YoY to 890.9 thousand contracts. Single-stock futures volume rose by 106.2% to 389.4 thousand contracts, while index futures volume increased by 15.8% to 741.2 thousand contracts.
In the first half of 2026, total derivatives trading volume amounted to 7.47 million contracts, representing an increase of 11.5% YoY. Single-stock futures volume rose by 53.7% to 1.35 million contracts, currency futures volume increased by 14.3% to 2.34 million contracts, while index futures volume edged up by 0.4% to 3.67 million contracts.
Debt Market
The value of non-Treasury bond issues listed on the Catalyst market reached PLN 167.2 billion at the end of June, compared to PLN 135.3 billion a year earlier. Bond trading turnover in the order book increased by 13.1% YoY to PLN 654.4 million.
In the first half of 2026, total bond turnover on the Catalyst market reached PLN 4.84 billion, representing an increase of 32.0% year-on-year. The number of transactions rose by 5.1% to 97.5 thousand.
On the Treasury BondSpot Poland market, bond turnover amounted to PLN 263.7 billion in June, compared with PLN 107.0 billion a year earlier. In the first half of 2026, outright transactions increased by 20.1% to PLN 86.6 billion, while repo transactions rose by 95.4% to PLN 1.17 trillion.
New Listings
Mining company Lumina Metals debuted on the WSE Main Market in June. The Canadian company is also listed on the Toronto Stock Exchange and intends to use the proceeds to support exploration and mining projects as well as geological works in Poland.
The Warsaw market also welcomed a new exchange-traded note, Virtune Crypto Altcoin Index ETP, issued by Swedish company Virtune. The instrument provides regulated and diversified exposure to the cryptocurrency market through an index covering up to ten leading altcoins.
The ETF offering was further expanded with the admission of eight new funds issued by HANetf: Future of European Defence Screened UCITS ETF, Making Europe Great Again UCITS ETF, Gold Miners Screened UCITS ETF, Defiance Ukraine Reconstruction UCITS ETF, Sprott Uranium Miners UCITS ETF, Sprott Pure Play Copper Miners UCITS ETF, Alerian Midstream Energy Dividend UCITS ETF and Drone UCITS ETF.
The newly listed ETFs provide investors with exposure to global investment themes, including energy transition, security and defence, technological innovation and the reconstruction of Ukraine. As a result, the number of ETF, ETN and ETC products listed on the WSE increased from 33 to 42.
The NewConnect market welcomed two new issuers in June. Shares of Internetowy Fundusz Leasingowy, a company providing leasing-based financing solutions for businesses and individuals, and Liftero, a developer and manufacturer of satellite propulsion systems, were admitted to trading.
Capitalisation of GPW Listed Companies
The market capitalisation of the 383 domestic companies listed on the WSE Main Market reached PLN 1.27 trillion at the end of June 2026. The total market capitalisation of all 402 domestic and foreign companies listed on the Warsaw Stock Exchange amounted to PLN 2.75 trillion.
Polish Power Exchange
In June 2026, total electricity trading volume on the spot and forward markets of the Polish Power Exchange amounted to 10.5 TWh, representing an increase of 25.6% year-on-year. Electricity trading volume on the spot market increased by 16.4% YoY to 4.7 TWh, while volume on the forward market rose by 34.2% YoY to 5.8 TWh.
In the first half of 2026, total electricity trading volume reached 67.2 TWh, up 14.9% compared with the corresponding period of 2025. Spot market trading volume increased by 10.2% YoY to 27.6 TWh, while forward market volume rose by 18.4% YoY to 39.6 TWh.
June marked another consecutive month of declining natural gas trading volumes. Total gas trading volume amounted to 17.6 TWh, down 26.1% YoY. Nevertheless, in the first half of 2026, gas trading volume increased by 4.1% YoY to 104.6 TWh. Spot market volume rose by 26.4% to 24.2 TWh, while forward market volume decreased by 1.2% to 80.4 TWh.
Trading volume in property rights arising from certificates of origin, excluding “white certificates”, amounted to 1.0 TWh in June, representing a decline of 13.2% YoY. In the first half of 2026, volume reached 6.7 TWh, compared with 9.9 TWh a year earlier.
At the same time, trading volume in energy efficiency certificates (“white certificates”) increased by 29.5% YoY to 26.0 ktoe. In the first six months of 2026, volume rose by 52.8% to 104.2 ktoe.
Trading in Guarantees of Origin for electricity generated from renewable energy sources increased by 92.2% YoY in June, reaching 5.7 TWh. In the first half of 2026, the volume of Guarantees of Origin traded increased by 23.1% YoY to 31.7 TWh.