The foreigner returns

After a quiet beginning to October on the WSE, when the indexes remained flat, the next few weeks witnessed an upturnIn the middle of the month, the blue-chip WIG 20 index almost reached the level of its late July high. The main reason for such a bullish ride was the return of foreign investors and their greater confidence in emerging markets as the likelihood receded of US rate hikes. Of course, over the last few weeks, some slight corrections took place, but as companies get ready to publish their third quarter results, analysts believe that there is a chance for further increases. The Polish economy is in an extremely good condition, with the Central Statistical Office announcing that GDP growth in the third quarter will be as good as in the second quarter (5.5 pct y/y). And the good health of the economy will be surely be reflected in the earnings of listed companies, including those in the construction sector.The main highlight of the month was the successful entry of Dom Developm