Warsaw stock exchange benchmark index tops 100,000 points for first time

Warsaw stock exchange benchmark index tops 100,000 points for first time

Keep our news free from ads and paywalls by making a donation to support our work! Notes from Poland is run by a small editorial team and is published by an independent, non-profit foundation that is funded through donations from our readers. We cannot do what we do without your support. Poland’s benchmark WIG stock index surpassed the 100,000-point mark for the first time on Thursday, a symbolic milestone that reflects investor confidence and s…

The week on the Warsaw Stock Exchange was marked by records. WIG closed Friday with a small gain, but was still above 100 thousand points.

The WIG index breaking 100 thousand points on Thursday can be considered a historic moment for the Polish stock exchange, but in the short term there is a risk of profit taking. An important issue is the situation on the Polish banking market in the face of the increasingly likely reduction of interest rates in Poland - said Tymoteusz Turski, XTB analyst.

The stock markets of the United States and Mexico began operations this Thursday with profits in anticipation of the quarterly reports of the companies and the expectation of the development of the situation due to the trade war between China and the United States. The main index, the industrial Dow Jones gains 0.11% and the technological Nasdaq advances 1.26%, while the S&P 500 index climbs 0.72% this Thursday morning. The Mexican stock market …