Poland: Red hot Warsaw stock exchange hits new record high

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Within one day, the Warsaw Stock Exchange Index (WIG) jumped higher by 1.52 percent and since the end of 2020, its value has grown by more than 10,700 points, representing a 19 percent increase.

A closing value of 67,745.39 points is the index’s new record. The previous one was set in 2007 when WIG reached 67,568.5. The record had almost been broken on Jan. 23, 2018, when it reached as high as 67,743.49 during trade but closed at 67,529.39.

All the most important stock exchange indexes grew on Thursday.

WIG20, the Warsaw Stock Exchange’s most important index, had a closing value of 2,273.11 points, equating to a 1.52 percentage growth, marking the highest closing value since July 2019.

Another index, mWIG40, grew by 0.91 percent to 5,002.94 and broke a three-year-long record.

sWIG80 gained 0.88 percent and rose to 20,987.64.

The Warsaw Stock Exchange’s turnover amounted to €261 million out of which €207 million went to WIG20 companies. Investors most often traded with the assets of Polish online e-commerce platform Allegro (€34 million) which had increased by 3.8 percent to €13.84, its highest value since mid March.

There are currently 428 companies on the Warsaw Stock Exchange, out of which 381 companies are Polish and 47 are foreign. The capitalization of companies listed on the Warsaw Stock Exchange is currently over €274 billion. Since the end of 2020, the value of the stocks of those companies has increased by close to €38.9 billion (16 percent).

In the first quarter of 2021, the net profit of the Warsaw Stock Exchange Group amounted to €8.5 million. This is 32.1 percent more than in 2020 and 17.2 less than in the fourth quarter of 2020.

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