Eastern Europe's stock markets are predominantly on the rise – except Moscow
- The stock markets in Prague, Budapest, and Warsaw recorded gains.
- Moscow was the only exception with a loss.
© EULERPOOL NEWS·
The most important stock markets in Eastern Europe predominantly experienced positive developments on Monday. Significant gains were recorded in Prague, Budapest, and Warsaw, while Moscow was the sole exception, closing with losses. This positive trend in most Eastern European markets followed the favorable developments in the Western European stock environment. Financial stocks, in particular, saw substantial price gains.
In Prague, the PX index rose by 0.34 percent to 1521.84 points. The shares of Erste Group, recovering from a weak previous week, recorded an increase of 2.4 percent. Budapest also saw gains, with the BUX index climbing by 0.25 percent to 69,711.91 points. Noteworthy were the shares of OTP Bank, which registered a rise of 0.8 percent.
Even stronger increases were observed in the Polish stock market. The WIG-20 gained 1.87 percent to 2458.79 points, and the broader WIG rose by 1.67 percent to 85,276.34 points. In Warsaw, the price gains spanned across all sectors, with shares of the online auction platform Allegro, OTP Bank, and the insurer PZU each gaining over two percent.
Moscow was the only market with a contrary development. The RTS index lost 0.98 percent, closing at 1126.25 points.