Outflow of cash from the Warsaw Stock Exchange in July.

hello,

welcome, after a short break due to my holiday leave. During my absence in the markets has happened a lot but I assume that those reading my entries are people that continuously read information and economic data so I will not come back to them.

I decided to analyze the Polish capital market which occurred in July. This is a continuation of an entry dated 28 July. Link below.

The main reasons for declines on the WSE in June

In the previous post I showed that the Open Pension Funds in June "sold shares of companies listed on the domestic regulated market and bonds convertible into shares of these companies, and listed on the market pre-emptive rights and rights to shares, on value of PLN 1.85 bilion." Where a large part of it was invested in bank deposits.

Unfortunately, in July, the outflow of cash from the Polish stock market has intensified. Throughout the month of July funds sold shares worth about 5 billion PLN. In addition, we recorded a cash outflow from investment funds focusing on the Polish stock market. In July, investors paid out from them almost 500 million PLN more than they had paid. It is also the lowest balance of sales in this segment by March this year.

chart 1. Behavior of Indexes in July; 2014-08-21

In the analyzed of Indexes, only NASDAQ100 ended the month above the line while Polish Indexes recorded declines in around 5 - 6 percent.

regards,
oscarjp