The Warsaw Stock Exchange’s main index, the WIG, peaked at 67,933.05 points on January 23, hitting an all-time high. The previous historic high was achieved before the global financial crisis, on July 6, 2007, and was lower by over 360 points. Since April 16, 1991 – which it was first introduced – the WIG has grown by 6500 per cent.
“The historical high of the WIG index on the exchange confirms the strong position of listed companies and reflects the excellent condition of the national economy,” says Marek Dietl, CEO of the Warsaw Stock Exchange (GPW).
“According to Federation of European Securities Exchanges (FESE) statistics, in 2017 the EOB turnover on the Warsaw Stock Exchange reached 55.8 billion euro compared to 43.7 billion in 2016. Surging by 28 per cent year-on-year, GPW ranks first, ahead of the Bucharest, Vienna and Budapest stock exchanges, as well as Deutsche Boerse, and Euronext,” Mr Dietl told Emerging Europe.
Last year the Bucharest Stock Exchange grew by 22 per cent, the CEESEG-Vienna — 19 per cent and the Budapest Stock Exchange — 18 per cent.
Mr Dietl also underlined the fact that Poland is now one of the most attractive markets in the word.
“Poland ranks fourth (after Mexico, Turkey and the Czech Republic) among developing economies according to Bloomberg’s analysis based on a range of metrics including growth, yields, current-account position and asset valuations,” he said. “In 2017, global equity index provider FTSE Russell announced that Poland will be reclassified as a Developed Market in Q3 2018. As a result, Poland will join the group of 25 most developed economies in the world including Germany, France, Japan, Australia and USA, and will be the first central and eastern European economy to achieve reclassification to Developed Market status.”
At the end of 2017, the WIG Index included 391 stocks. The WSE’s market capitalisation of participating companies represented 98.5 per cent of the total capitalisation of all stocks listed on the main market.
The Warsaw Stock Exchange is the largest stock exchange of financial instruments in Central and Eastern Europe. It operates markets in stocks and bonds of nearly one thousand domestic and international issuers. It also trades in derivatives and structured instruments and operates a commodity market including one of the most liquid electricity markets in Europe.