GIP60 goes up 15.96% from the beginning of the year

The Stock Exchange Production Index (GIP60) increased by 15.96 percent from the beginning of 2022 to 964.72 points in March, DSR reported. The index recovered the lion's share of the war-induced losses in March.

“Once again, the DSR team's forecasts turned out to be accurate and were implemented with almost 100 percent success. In our commentary for February, when the war in Ukraine has already triggered a wave of sell-offs on stock exchanges, we drew attention to numerous analogies to the situation in the first days of the pandemic: during the pandemic, the correction is greatly exaggerated and provides an opportunity to buy decent Polish manufacturing companies really cheaply," Maciej Zaręba, analyst and co-founder of GIP from DSR, said.

The increase in the share price in March was observed in the case of 50 out of the total of 60 Polish production companies making up the Stock Exchange Index, with about half of the producers from GIP60 increasing their market valuation at a double-digit rate.

The biggest rebound was achieved by companies from the chemical industry, which after the outbreak of the war were heavily discounted due to high dependence on raw materials from Russia, mainly gas (median 19.11 percent). The companies from the light industry (median 17.44 percent), the food industry (13.64 percent), and the so-called designers, i.e. clothing manufacturers and distributors (13.29 percent) were doing well too.

(inwestycje.pl)