WSE catching up after period of weakness
March 20, 2017
The Warsaw Stock Exchange outperformed European markets on Thursday in the rally following the interest rate hike in the US and the election result in the Netherlands.
The relatively stronger gains in Warsaw are still an element of catching up after an earlier period of weakness, analysts say.
Global investors were underweight on Poland and now they are correcting their position, and domestic retail investors are also returning, Pekao CDM head of analyses Roland Paszkiewicz said.
The broad market index WIG should return to correlation with other emerging markets, which are currently benefitting from the dollar's depreciation, Raiffeisen Bank Polska's equity analysis coordinator Sobieslaw Kozlowski said. The large-cap index is largely fueled by foreign players, he added.