Market activity on the Warsaw Stock Exchange (WSE) surged to unprecedented levels in January 2026, which saw the highest turnover in history and a series of record peaks across its main indices, the WSE said on February 3.

The surge in liquidity was driven by both domestic momentum and a spike in the ETF segment. "Turnover in shares on the main market reached PLN52.9bn (€12.5bn), an increase of 99.2% y/y. Average daily turnover increased to PLN2.56bn (€606.3mn), up 103.7% y/y," the bourse’s press release reads.

The exchange also noted that the value of ETF and ETC trading in January, 2026 amounted to PLN718.0mn (€170.0mn), representing a 306.7% increase compared to the previous year.

The dynamic growth was underpinned by a rally that saw the widest index, the WIG, as well as the mid-cap mWIG40 and small-cap sWIG80, hit historic highs in successive sessions.

“On January 28, 2026, the WIG index reached a record level of 125,561.69 points. The mWIG40 index reached a new record on January 30, 2026, at 8,978.00 points. Two days earlier, on January 28, the sWIG80 index recorded an equally impressive result, breaking its maximum and climbing to 31,841.45 points,” the WSE recalled.

The month also saw a boost in institutional participation. The WSE authorised UniCredit to operate as an entity trading in securities on its own account, granting it status as the 37th exchange member. The bourse underlined that UniCredit’s status as an exchange member reflected "growing interest of international financial institutions in the Polish capital market."

Strong market sentiment and rising valuations pushed the total market value to new heights. The capitalisation of 356 domestic companies listed on the WSE’s main market reached PLN1,112.2bn (€264.0bn) at the end of January. The total capitalization of all 399 companies, including foreign listings, reached PLN2,557.7bn (€607.1bn), confirming what the exchange described as a "good economic situation on the stock market."