Finance Banking
14:41 11 June 2024
Post by: WBJ

Flight of capital could lead to bear markets in banks in Poland

Flight of capital could lead to bear markets in banks in Poland
Source: Pexels

The WIG20 index faces uncertainty, especially with a bearish trend observed in bank stocks like mBank and Millennium, which have seen price rallies followed by declines exceeding 20% from their peaks, potentially marking the onset of a bear market. Amid fading commodity market rallies (e.g., KGHM, Orlen), finding sustainable drivers for further bullish trends is challenging, compounded by issues and capital flight from emerging markets.

(inwestycje.pl)


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