- The situation can be expected to remain nervous over the next few months. The global inflation upsurge should lead to a further increase in interest rates creating competition for the stock in terms of debt – say analysts of DI BRE Bank in their May report. In the beginning of the year they predicted a growth on the market in May.
According to Erste Securities analysts quoted by “Gazeta Prawna” the market has hit the bottom and is ready to bounce back. On the other hand, IDMSA analysts are expecting stagnation.
A report by the German Economy Institute ZEW and the Austrian Erste Bank shows that finance investors are positive about the economic situation in Poland and are expecting stock price rises. Factors such as the on-going flight of investors from investment funds, which amounted to a withdrawal of PLN 2 billion in April, have a negative impact on the share prices. It is also visible that analysts are lifting their recommendations for Polish companies. Construction companies are highly evaluated.
According to “Gazeta Prawna” estimates, the WIG20 index should reach 3578 points in May 2009. This would mean a 20% increase.
The minimum valuation suggests that the value of WIG20 in 12 months will be at the level of 2872 points, while the maximum valuation shows 4401 points. According to analysts of Unicredit CAIB the WIG20 index will reach 3568 points in May 2009.