Falling stock prices have resulted in over 50 percent of companies listed on the Warsaw Stock Exchange now being priced below their book value.

This is despite many of them posting good financial results for the first half, Dziennik Gazeta Prawna reports.

This state of affairs means mergers and acquistions could be completed at bargain prices, with experts expecting a wave of M&A activity in the coming months, DGP wrote.

A similar situation occured during the economic downturn of 2008-2009, although experts suggest that in order for investors to start making large-scale purchases, the market would need to be more stable than it is at present.

AS. DI