Eastern European Stock Market Landscape: Mixed Picture at the Week's Close

At the end of the trading week, a differentiated scenario emerged in the Eastern European stock exchange world. While the majority of stock markets had to record declines in their accounts, Prague was able to shine with positive highlights. With the exception of the Moscow Exchange, the markets recorded an overall positive development on a weekly comparison. A ray of hope was provided by the Prague stock index PX, which managed to swing up by 0.51 percent to 1,460.66 points. Over the course of the day, the index even reached a peak that reminded of the mid-2008 level as it grazed the 1,500-point mark. A significant contribution to this upswing was made especially by companies from the financial sector with stocks such as Komercni Banka, Erste Group, and Moneta, which were able to record increases between 0.7 and 1.0 percent. In contrast was a weaker picture in Budapest, where the Bux closed down 0.92 percent at 65,236.93 points. Here, in particular, OTP, Richter Gedeon, and MTelekom had to accept losses of up to 1.4 percent. The losses were even more pronounced in the Polish capital, where the Wig-20 closed down 1.33 percent at 2,377.69 points. The broader Wig index fell by 1.01 percent to 80,992.64 points. Noteworthy here is the aluminum producer Kety with a decline of one percent, while Dino shares dropped by almost eleven percent after corporate figures failed to meet expectations. The Russian main exchange in Moscow could not escape the negative trend of the week and registered a decline of 1.02 percent for the RTS index to 1,113.05 points.