News
Investor Activity on GPW in October 2026
October saw strong activity across the markets operated by the Warsaw Stock Exchange. Total equity turnover on the GPW Main Market increased by 35.6% year on year to PLN 59.5 billion, while average daily turnover reached PLN 2.62 billion. It was also the first month of operation of the new GPW WATS trading system, launched on 5 October, which operated throughout the period without any interruptions to trading. October also saw the WIG index set a new all-time high, reaching 161,499.83 points on 29 October.
- PLN 57.6 billion – value of order-book equity turnover on the GPW Main Market in October 2026 (+33.6% YoY)
- PLN 2.62 billion – average daily value of order-book equity turnover in October 2026 (+39.7% YoY)
- PLN 596.6 million – total turnover in ETFs, ETNs and ETCs in October 2026 (+49.1% YoY)
- 14.1 TWh – total electricity trading volume on TGE in October 2026 (+19.3% YoY)
- 8.5 TWh – total natural gas trading volume on TGE in October 2026 (-58.2% YoY)
Equity Market
October 2026, similarly to September, saw continued strong activity on the equity market. Total equity turnover on the GPW Main Market increased by 35.6% year on year to PLN 59.5 billion. The value of order-book equity turnover reached PLN 57.6 billion, representing an increase of 33.6% year on year. Average daily equity turnover in October amounted to PLN 2.62 billion, up 39.7% compared with the same period a year earlier.
The strong investor activity in October coincided with the first month of operation of the new GPW WATS trading system, launched on 5 October 2026. Despite high trading volumes, the system ensured uninterrupted trading, without a single minute of downtime. GPW WATS is part of the Warsaw Stock Exchange’s technology infrastructure modernisation programme.
Strong investor activity was also accompanied by gains in GPW’s main indices. On 29 October, both the WIG and WIG20 indices reached record closing levels, with the WIG at 161,499.83 points and the WIG20 at 4,283.82 points. At the end of the month, the WIG stood at 157,676.17 points and the WIG20 at 4,180.88 points. Since the beginning of 2026, the indices have gained 34.5% and 31.3%, respectively.
Total equity turnover on NewConnect amounted to PLN 135.5 million in October, representing a decrease of 31.9% year on year. The value of order-book equity turnover decreased by 31.2% year on year to PLN 134.7 million.
On GlobalConnect, equity turnover amounted to PLN 26.7 million in October, compared with PLN 26.2 million in the same period a year earlier.
Structured Products and ETF Market
October saw a further increase in investor activity in the ETF, ETN and ETC market. Total turnover in these instruments increased by 49.1% year on year to PLN 596.6 million.
Turnover declined in the structured products segment. The value of turnover amounted to PLN 292.9 million in October, down 15.8% compared with a year earlier.
Derivatives Market
The total volume of derivatives trading in October increased by 9.1% compared with the previous year to 0.8 million contracts. Increases were recorded both in the index futures segment, where trading volume rose by 20.9% year on year to 533.6 thousand contracts, and in currency futures, where volume increased by 4.7% year on year to 161.1 thousand contracts. The weakest performance was recorded in the single-stock futures segment, where trading volume was 17.3% lower than a year earlier at 133.6 thousand contracts.
Debt Instruments Market
In October, the value of non-Treasury bond issues listed on Catalyst amounted to PLN 168.4 billion, compared with PLN 150.8 billion a year earlier. The value of order-book bond turnover increased by 39.8% year on year in October to PLN 1,386.1 million.
In October, the value of bond turnover on Treasury BondSpot Poland increased by 207.9% to PLN 429.2 billion, compared with PLN 139.4 billion a year earlier.
New Listings – New Issuers
Four new ETF, ETC and ETN instruments from HANetf made their debut on the GPW Main Market in October. Three of them are leveraged ETNs providing exposure to Bitcoin and Ethereum, while the fourth, YieldMax® Big Tech Option Income UCITS ETF, employs an options strategy based on shares of US technology companies. Following the October listings, the number of ETFs, ETCs and ETNs listed on GPW increased to 50.
Hype, a manufacturer of premium motorhomes operating under the HYPE Camper brand, made its debut on NewConnect. It was the eighth NewConnect debut this year and Hype became the 330th company listed on the market since its launch in 2007.
Last month, Hungarian oil and gas company MOL, one of the largest integrated energy groups in Central and Eastern Europe, joined the group of issuers on Catalyst with a bond issue totalling PLN 850 million. Bonds issued by property developer Rutkowski Group, with a value of PLN 30 million, were also listed on Catalyst. These were the 15th and 16th debuts on the market in 2026.
Market Capitalisation of Companies Listed on the Warsaw Stock Exchange
The market capitalisation of 383 domestic companies listed on the GPW Main Market amounted to PLN 1.46 trillion at the end of October 2026. The combined market capitalisation of all 402 companies, both domestic and foreign, reached PLN 2.85 trillion.
Polish Power Exchange
The total volume of electricity traded on TGE’s spot and forward markets reached 14.1 TWh in October 2026, up 19.3% compared with a year earlier. Increases were recorded both on the spot market, where volume amounted to 4.2 TWh, up 3.3% year on year, and on the forward market, where volume reached 9.9 TWh, an increase of 27.6% year on year.
Natural gas trading volume amounted to 8.5 TWh, down 58.2% compared with a year earlier. Declines were recorded both on the spot market, where trading volume decreased by 2.7% year on year to 3.2 TWh, and on the forward market, where volume fell by 68.7% year on year to 5.4 TWh.
The volume of trade in property rights arising from certificates of origin, excluding “white certificates”, amounted to 0.5 TWh on the spot market in October and was 46.6% lower than a year earlier. At the same time, the volume of trade in energy efficiency property rights, i.e. “white certificates”, increased by 124.5% year on year in October to 23.2 thousand toe.
Trading in Guarantees of Origin for electricity generated from renewable energy sources decreased by 36.4% year on year in October to a volume of 4.1 TWh.