Mood of Polish investors worsens

An index measuring the mood of Polish individual investors fell, and the percentage of those expecting increases in the stock market declined compared to the previous week, according to the latest survey by the Association of Individual Investors. Just a week ago, the readings indicated unusually high optimism among stock market players.

As of January 26 (Thursday), the Investor Sentiment Index (INI) stood at 36.7 points, down 13.6 points from its reading a week ago (on January 19). Investor enthusiasm waned somewhat after the INI reached multi-year highs in the past two weeks. 

This may have been due to the great rally the WIG20 and WIG had behind them at the time - they had gained about 40 percent since the mid-October low, bouncing back after a disastrous 2022 and making up some of their losses. The behavior of the Polish blue chips has been even better in the past three months than that of leading stock market indices from the US or Germany, among others, and from a basket of emerging markets.

(Business Insider)