Euphoria on Stock Exchange

Main index on Stock Exchange has finished Tuesday’s session on a big plus. Analysts assessed that increasing trend should dominate for next few days.

Last Thursday’s session in Warsaw has finished with the decrease, while American Stock Exchange gained both that day and on Monday, when there was no quotations that day on Stock Exchange.

“USA and worldwide growth extort high opening in Warsaw, later low index WIG20 (Warsaw Stock Exchange index) remained in fairly narrow range of quotation” – said Tomasz Jerzyk, analyst of DM BZ WBK. He also stressed that Thursday’s decrease is mainly the efect of expiring term contracts. On Tuesday WIG20 did not react at all on even worse than predicted macro data from USA. Index of atmosphere of American consumers Conference Bard drop sharply in March, more than it was expected, to 64,5pt., which is the lowest level since 2003.

“Pretext to the increase in quotation was necessary and it is really good that it finally ensued” – assessed Jerzyk. According to his opinion, in next few days increasing trend should remain on Stock Exchange.