Analyst warn investors to stay cool on investing in WSE over the summer

Analysts are forecasting a weakening of the zloty and a subsequent slump in the value of most stocks on the Warsaw Stock Exchange (WSE). They are advising investors not to invest large amounts in buying shares over the summer period. The prediction is based on experience from previous years when the bourse under-performed at this time of year. Last year's summer slump was attributed to unfavorable macro-economic factors such as the budget deficit, high inflation and a substantial current-account gap. Credit Suisse Asset Management investment adviser Jakub Bentke recommends buying 15-year bonds instead. ABN-Amro investment adviser Anet Wynimko is advising investors to avoid committing any money over the summer period. (Prawo i Gospodarka, page 11) S.M.