WIG expected to hover in the range of 55,000-65,000 points in 2023

The Warsaw Stock Exchange General Index (WIG), a major index that tracks the performance of all domestic companies, will fluctuate in the range of 55,000-65,000 points in 2023 in the scenario of a slight recession, Jarosław Niedzielewski of Investors TFI estimated.

In his opinion, the rebound observed in recent weeks is a "return to normality". “However, it is hard to count on making up for all the losses from last year,” he said.

"Looking at the fundamentals, without the war in Ukraine, we should be one of the best markets in the world. Meanwhile, from April to October, we were the worst," Niedzielewski summed up.

The value of the WIG index at the end of December amounted to 57,462.68 points and was 17.1% lower than a year ago.