Investors send WIG20 on a roll to beat American and German indices

The turnover of shares on the Warsaw Stock Exchange exceeded zł.1.3 billion yesterday. Analysts are sure that this marks a growing trend and expect further records to be beaten soon. This might be due to the approaching elections and likely victory of opposition parties, which have announced fiscal reforms and lowering of the tax burden. Interestingly, the bourse is growing despite negative macroeconomic information, such as slow economic growth and rather weak industrial output data. The indices were lifted by growing prices of blue chip companies on Monday and the WIG 20 rose at a faster rate than bourses in Western Europe and USA. Since May 16 this index has risen by 37.3%, while the American S&P 500 and German DAX have risen by 6.2% and 17%, respectively. (Parkiet, p. 1; Rzeczpospolita, pp. A1, B1) M.M.