23:36 13 January 2022
WIG20 to be the best in the world on Tuesday
Net capital inflows to emerging markets in December totaled $16.8 billion – the Institute of International Finance (IIF) reported in the report. And you can see from the stock exchanges that it wasn't just December.
The WIG20 gained 2.3 percent on Tuesday, which makes it the best index in the world that day. The quote at the close of Tuesday's session was at 2,344.45 points and reached the highest level since November 12, 2021. The second-best index of the day was the Russian RTSI, which gained 2.2 percent, and the third is the Israeli TA 35 with 1.9 percent growth.
Since the beginning of the year, the main index of the Warsaw Stock Exchange has already gained 3.4 percent, which is the sixth-highest result in the world, after the Turkish (+10 percent), Hungarian (+5.7 percent), Greek (+4.6 percent), India (+4.1 percent), and Singapore (+3.9 percent) exchanges. Polish increases are mainly one industry – banking.
Since the beginning of the year, the WIG-Banks index has already gained 7.8 percent. Investors note that the industry has gained strong potential for profit growth in the form of interest rate increases. As interest rates are rising, so will the banks' interest margins.
