Further declines were recorded during Friday’s session on the Warsaw Stock Exchange. while in On a weekly basis, major index discounts exceeded 4%. – The most in a year.
– Friday worsened an already disastrous mood at the Warsaw Stock Exchange. The week ending was the worst for WIG in a year, commented Szymon Nowak, analyst at DM BNP Paribas Bank Polska, on the Warsaw Stock Exchange.
Why has WSE been performing poorly lately? Experts point to the weakness of the zloty and thus to the flight of investors towards the dollar.
See also: The Polish zloty is in trouble. We know the comment of the NBP chief
Biggest losses since November 2020
Weekly losses for major indices GPW It is the largest since November 2020. WIG20 is down 4.67 percent, WIG is down 4.35 percent, and mWIG is down 4.5 percent.
Although the Warsaw Stock Exchange is falling sharply, the main European indexes are also falling – albeit somewhat moderately. Sentiment clearly worsened after information from Austria, which intends to impose a complete lockdown from Monday, also for vaccinated people. This has led to speculation that other European countries may follow Austria as the pandemic continues to spread across the continent.
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