Profit taking halts rise
Profit taking on Friday stopped the bull run on the stock market but it is looking positive for this week.
The WIG20 closed down 0.1 percent to 1,144 points and the WIG finished the day where it had started at 12,824 points. Turnover was PLN313m which shows a little return to favour for the markets now that at least the problem of political instability appears to have been resolved.
Another good sign is that the government has said that it will be paying some of its debt to the pension funds. Around EUR850m of a EUR1.1bn debt is to be paid this year and at least one quarter of this sum is likely to find its way onto the stock market.
Last week saw a 14 percent increase on the markets. Let’s hope that this week will see some more of the same!