Eastern European stock exchanges with mixed reactions at the weekend

Eastern European stock markets painted a mixed picture at the end of the trading week. While investors in Hungary and Poland had reason to celebrate, those in Prague faced a slight decline. The Russian stock market remained closed due to a national holiday, thus no current business developments could be observed. The Budapest Bux Index managed to end the trading day on a positive note with a moderate increase of 0.12 percent to 66,263.18 points. Notably, the shares of MTelekom performed strongly, recording a gain of 3.5 percent. Mol and Gedeon Richter also closed in the profit zone, with increases of 0.3 percent and 0.2 percent, respectively. On the other hand, OTP shares struggled with a drop of 0.7 percent, making them the most actively traded yet declining securities of the day. In the Polish capital, stock prices were even more favorable. The Wig-20 index gained significantly by 1.21 percent to reach 2,476.82 points, while the broader Wig index rose by 0.97 percent to 83,265.56 points. Among the biggest gainers was Dino Polska with an impressive increase of 4.2 percent. The banking sector also experienced a positive day, with mBank, Santander Polska, and Bank Pekao among the leaders with stock price gains ranging from 2.3 to 2.7 percent. In contrast, the Czech PX Index had to accept a slight decrease of 0.31 percent to 1492.45 points. Financial stocks showed weakness, with Erste Group and Komercni Banka experiencing losses of 0.6 percent and 0.8 percent, respectively. Only the shares of Moneta Money Bank were able to resist the negative trend, ending 0.2 percent higher.