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Stocks in Eastern Europe Conclusion: No Clear Trend Before Easter

Prague / Budapest / Warsaw (dpa-AFX) – The most important stock exchanges in Eastern Europe closed inconsistently on Thursday. And there were big losses on the Moscow Stock Exchange, as the RTS index fell 5.62 percent to 941.05 points. On Good Friday there is no trading in Prague, Warsaw or Budapest. On the other hand, the Moscow Stock Exchange is traded regularly.

The focus was on the European Central Bank (ECB) Council meeting. The monetary authorities announced in the afternoon that interest rates in the Eurozone will remain unchanged for the time being despite record inflation.

In Prague, the PX index rose 0.42 percent to 1375.87 points. Stocks from the financial sector rose again. Erste Group gained 2.1%. Shares of Komercni Banka and Moneta Money Bank rose slightly. The leading PX index faced headwinds from shares of CEZ, which fell 0.7 percent.

Budapest’s Bux stock rose 0.82 percent to 42,999.39 points. Mol shares particularly supported the leading Hungarian index, with an increase of 3.1 per cent. OTP lost 1.1 percent after the previous day’s gains.

In Warsaw, the leading Polish Wig-20 index closed down 0.53 percent at 2093.17 points. The wig fell 0.43 percent to 64,760.06 points.

Among the individual values, the focus was on the papers from Eurocash after the final figures for the fourth quarter. The retail group was negatively surprised by this, reporting a decrease of PLN 25 million – this was not available in the preliminary result. Shares fell 8.5 percent.

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Zoe Barker
Zoe Barker
"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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