Poland’s WIG20 stock market index hits record high
It has been Europe's best-performing major blue-chip index so far this year.
Poland's prominent WIG20 stock market index achieved a historic milestone on Monday, surging to a record high of 3,963.21 points and breaking the previous peak of 3,940.53 points set in October 2007. This marks the index's highest level ever, surpassing its previous record by nearly 1,000 points. The index's remarkable growth has been driven by solid economic expansion, increased consumer spending, and the potential for additional EU investments, according to analysts from BNP Paribas.
The surge in the WIG20 index was particularly notable for Poland's leading power producer PGE and multinational mining company KGHM, whose shares increased by 3.3% and 1.6%, respectively. The rally was further fueled by growing risk appetite globally, following a de-escalation in Middle East tensions.
Written by urgent.news from Notes from Poland's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
