Warsaw Stock Exchange bullish
We have bull market – declared Magdalena Zaleska, the President of Warsaw Stock Exchange. She hosted a press conference in which she presented Warsaw Stock Exchange Group’s results and current situation. The news she had to present were very good. The group accrued annual income in the amount of 131.1 billion PLN, the highest since 2011.
Poland’s most important exchange market has shown very good results from November 2016. WIG, the main index accruing stock prices of all companies listed at GPW has reached the level of 60 thousand points and is heading towards a new record. The last time the index showed such good results was in 2007. WIG-20, the index presenting prices of the 20 top companies at the stock exchange is currently above the level of 2000 points. From November, Warsaw Stock Exchange grew by as much as 20 percent.
Warsaw Stock Exchange follows in the footsteps of other European stock markets and Wall Street as well. In Poland, indexes are driven by good results of financial institutions and energy companies. Rising prices of oil are also seen as contributing to the overall result. A lot of investors are predicting more growths. The stock exchange has been recently attracting more individual investors. Participation of foreign investors is also going strong. Turnover figures are high.
President Zaleska noted that Warsaw Stock Exchange is currently seen as one of the most attractive markets in the world and a leader in the CEE region. The price of WSE stocks rose by 40 percent in one year. There are numerous IPOs already planned for the first half of 2017. The Management Board has plans to forge cooperation with companies from Belarus.
Experts say 2017 will be a good year for investors. However, they need to remember that after good times bad times will come, and record results will be followed by a deep correction. A lot will depend on world politics, which is, of course, unpredictable.