Recent emotional engagement in the stock market has diminished, with indexes hovering near their peaks but without strong upward movement. Any initial progress was often followed by retracement, indicating a prevalent uncertainty among traders. This trend was evident on Thursday, as anticipation for the Court of Justice of the European Union's decision regarding WIBOR created an atmosphere of caution, yet the decision did not bring unexpected outcomes, allowing the market to continue independently.

However, neither buyers nor sellers appeared to have a clear strategy on how to proceed, leading to a stagnation in market activity after the initial reaction. Positive signs included a slight market edge for bulls, with the WIG20 index showing increases of over 0.5% at times. Yet, as American traders entered the scene during the second half of the day, their lack of directional trading strategies further subdued the earlier growth, leaving the WIG20 index battling to maintain its advance.

By the end of the trading session, the index managed to close slightly above the threshold despite the challenges, but the overall lack of decisive momentum raises questions about the market’s direction in the coming days. Without significant catalysts or buyer confidence, the outlook for Polish stocks remains precarious as they continue a phase of consolidation at high levels.