Warsaw’s stock market hit a 22-year low at the end of last week over Great Britain’s decision to exit the European Union, but it rebounded before the closing bell on Friday. The bourse’s blue chip index the WIG 20, dropped 9.6 percent by the closing, its biggest drop since 1994, led primarily by listed lenders. However, the closing levels were an improvement from the 18 percent collapse in prices earlier in the day. Trading hit a record PLN 1.1bn. The mWIG40 and sWIG80 dropped 5.6 percent and 5.4 percent respectively, but they too rebounded before the closing. Listed developers performed poorly, with Archicom, Rank Progress, Vantage and BBI Development suffering the most. But larger groups such as GTC, LC Corp, Echo Investment and PHN also suffered at the hands of traders, as did Awbud and Unibep.
