Booming WIG raises possibility of indices correction

Last month the main index of the WIG stock exchange increased by 8%, while analysts forecasted a growth of 15-20% for the whole year. "It seems that a correction is in the air. It has been mentioned for a few months, but indices are defended by a rapidly developing economy and growth at the international bourses," said Piotr Wisniewski from Amerbrokers. Although analysts are unsure how large the slump will be, they believe that after the correction indices will continue to grow. "People are not saving anymore, they are investing," stress capital market experts. Bearing in mind a 40% growth of the WIG in 2006, investors were even more eager to invest via investment funds, which assets increased by zl.8 billion since the beginning of the year, or by purchasing stock on their own. (Rzeczpospolita, pp. A1, B1) M.M.