WARSAW, Feb 22, 2026, 09:44 CET — The market is shut.
- Kruk tumbled 9.26% on Friday, posting the steepest loss in the WIG20. The index itself edged down 0.04%.
- Early in the week brings Poland’s retail sales and labor market data, a pair investors are eyeing for new catalysts.
- Kruk will release its complete unaudited fourth-quarter report on Feb. 26, following its earlier preliminary estimates.
On Friday, Kruk sank 9.26%, posting the sharpest loss on Warsaw’s WIG20 blue chip index and putting pressure on sentiment going into the new week. The WIG20 itself slipped 0.04% to finish at 3,383.82 points. (GPW)
The market, lacking a clear driver, ended almost unchanged. “The WIG20 finished the week in patterns that force investors to wait for a turning point,” BOŚ Brokerage analyst Adam Stańczak said in a post-session note Friday. (Dom Maklerski Banku Ochrony Środowiska)
The calendar doesn’t lack for action. Monday brings January retail sales from Statistics Poland. On Tuesday, the agency lines up its fourth-quarter 2025 labour force survey, and also rolls out a wide-ranging “socio-economic situation” update for January. (Statistics Poland)
Kruk has its next key date on the calendar. The company reported a preliminary consolidated net profit for the fourth quarter of 208 million zlotys, and pegged estimated cash EBITDA at 658 million zlotys. Kruk also put its estimated net debt to cash EBITDA ratio at 2.6, adding that these figures “are subject to change.” (Kruk)
Friday’s drop in the stock put investors on alert for spillover into other rate-sensitive sectors, notably lenders and consumer stocks that tend to react sharply to unexpected domestic data.
The pain was clear in the tape: energy stocks and consumer plays dragged, but a handful of big resource and construction names kept the index from sliding further.
On top of the regular data releases, traders are eyeing the central bank’s figures for any clues about liquidity and credit in the system. The National Bank of Poland plans to post its broad money (M3) numbers on Monday, its calendar shows. (nbp.pl)
External risk remains a factor for Warsaw, despite domestic news setting the pace. On Friday, a survey indicated euro zone business activity picked up in February. The composite purchasing managers’ index (PMI) climbed to 51.9—signaling expansion as manufacturing moved back into growth territory. (Reuters)
Still, the week isn’t locked in. Disappointing retail sales, shaky labour figures, or a sudden “risk-off” mood out of Europe could leave the WIG20 stuck where it’s been—and hit stocks that have outpaced their fundamentals.
