Polish market has room for growth despite rally

Even after rallying from its October 2001 low, the Polish market still looks to have room for growth. The country's WIG index was up 32.2% in local currency terms to 155092.1 at close of trading on 11 January from its low point in October last year. However, the fact it is still well below its 17847.5 December 2000 position indicates there is still room for upward movement, says Jonathan Asante, manager of the Emerging Markets fund at Framlington. Asante believes Poland has strong fundamentals in place which makes the relatively high volatility of the index hard to understand. ...