Polish capital market upgrade due on Monday
PR dla Zagranicy
Grzegorz Siwicki
23.09.2018 19:00
Poland is due to see its capital market upgraded from emerging to developed market status by global equity index provider FTSE Russell on Monday, experts have noted.
Photo: HypnoArt/pixabay.com/CC0 Creative Commons
FTSE Russell, which is part of the London Stock Exchange Group, announced the move in September last year.
The Warsaw Stock Exchange (WSE) at the time welcomed the announcement, saying in a press release that the decision meant Poland “has joined the 25 most developed economies of the world,” including Germany, France, Japan, Australia and the United States.
WSE CEO Marek Dietl told a news conference on Friday that the reclassification should have an overall positive impact on the Polish stock market in the long term.
"After a transition period, we expect to see an increase in turnover on our stock exchange, and we also expect new investors to appear," Dietl said, as quoted by PAP.
At the end of last month, FTSE Russell published a list of 37 Polish companies that are expected to be included in developed market indices on Monday, Poland’s PAP news agency has reported.
FTSE Russell indices are an important benchmark for leading global investment funds, according to the Warsaw Stock Exchange.
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Source: PAP