A good and a bad year

The last few weeks of 2017 were not marked by a buying spree on the Warsaw trading floor. The WIG and WIG20 fell back slightly, but held onto the advances they had made in 2016. Looking at the increases over the whole year, it would be difficult to call 2017 an unsuccessful or even a flat year. So let’s take a look at the forecasts that were printed in this column about a year ago based on analysts’ expectations published in ‘Gazeta Giełdy Parkiet’. The WIG was expected to close 2017 at a maximum level of 57,000 points and the WIG20 at 2,300 points, with the most optimistic forecasts postulating a figure of 2,400 points. In fact, the main stock market index is now preparing itself for an assault on its historical peak of almost 64,000 points and the WIG20 has already surpassed 2,500 points several times, ending the year a few dozen points less. The growths of 23 pct and 26 pct respectively are impressive because this guarantees profits that have not been seen o