is Not visible on the horizon factors that poprawiałyby could improve investor sentiment in the stock market, – said the Agency Newseria Investor Jaroslaw Janecki, chief economist at Société Générale. – Maybe some decisions, laws that sprzyjałyby to increase the savings of the private sector or incentives to invest in block III. They may be, will cause growth of interest of companies stock exchange. And today, unfortunately, does not draw such scenarios that wspierałyby Polish stock market.
According to Bloomberg, only a year after the victory of Andrzej Duda in the presidential election WIG20 evaporated 200 billion rubles, and it was the biggest decline among 93 major indexes tracked by an Agency. In fact, the capitalization of all companies on the WARSAW stock exchange at the close of the last session before the first round of the presidential elections (8 may 2015) amounted to 1,364 trillion roubles. Currently (after session 12 Aug 2016.) it is in 970,6 bln. Analysts note, however, that, on the contrary, from the Warsaw parquet floor have started already during the previous governments, but if we leave aside the question of the global financial crisis, mostly contributed to the reduction of BKP.
– In this case only takes into account the factors that in some way influence, for example, policy dywidendową, that is, the profitability of Polish companies, tax policy. We are in the process of monitoring what changes may be introduced next year the government under the new budget act, specifies Janecki. – If these changes are not bad for stock companies, to be useful, then I would have seen this as some sort of element that could support the market. Otherwise, unfortunately, lagging behind or not good mood will still be present on the Polish stock exchange.
market Reaction to the new bill frankowej
shows the Positive impact of the policy on quotations of the companies was the reaction of the markets after the speech, the office of the President the proposal of the new law frankowej odsuwającej mode conversion of loans. Since the beginning of August just for ten session index WIG-banks received almost 12 per cent., while WIG20, which is five major banks, purchased less than 6 percent. The index of wide market went at this time in the mountain less than 5.5 percent.
Analysts believe, however, ti that the inflow of capital into the market is the proposal of Deputy Prime Minister Morawieckiego regarding the ordering of the business of the BCP. According to the chief economist of Société Générale, however, it is still too early for a positive impulse on the part of this factor.
– it is the BCP has just begun. Yes, indeed, we have preliminary information that is not deferred on the law. As always, the devil is in the details there, so only after the law will be ready and will know all the details of the decision, it will be possible to say that these decisions will contribute to the exchange – tones mood Janecki. – Especially because these changes will likely be introduced in January 2017, only, maybe, only starting from 2018. Even at the time of introduction of these changes is not known, so it is difficult from the point of view of investors already play at these events.
Two aspects that could raise money for the Warsaw parquet floors
also Recalls that are two important aspects that could raise money for the Warsaw parquet floors. On the one hand, it calms the atmosphere a political one, because the hype around the constitutional Court concern before the stability of the market. This point is important, especially for foreign investors. And in the case that means the Poles would be appropriate system of incentives for savings and investment of existing money, the more so as thanks to the program “Family” 500 plus”, as falling prices and rising wages, the purchasing power of citizens is increasing.
the Factors that can possibly contribute to the Polish stock market, all kinds of decisions that sprzyjałyby investing in the stock market, and shorten. We talk all the time about “Family” 500 plus”, and how it is not visible for the very possibility or the need to save money in the long term, he said. – Wyobrażałbym myself that now is the best time to increase investments within the framework, for example, investment funds, in particular, that part of the money that is passed to the program. This is just the field for entering any changes.
Newseria, Lord
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