PRAGUE/BUDAPEST/WARSAW (dpa-AFX) – The most important Eastern European stock exchanges mostly rose on Thursday. In Budapest, the leading index continued its record run and profits were also achieved in Warsaw and Prague – as well as on Europe’s stock exchanges in general. On the stock market in Moscow, however, things went down again.
The focus was on the key interest rate decision by the European Central Bank (ECB). In the fight against high inflation, the ECB has raised interest rates for the tenth time in a row. At the same time, however, it signaled that the interest rate peak in the euro area could have been reached. The euro guards around the head of the central bank Christine Lagarde At their first interest rate meeting after the summer break, they increased the key interest rate by 0.25 percentage points.
In Budapest, the leading index BUX reached a new record high. He ended the day with an increase of 0.87 percent to 57,689.26 points. Among the heavyweights, OTP Bank posted an increase of 1.2 percent. The MOL oil share rose by 0.74 percent. MTelekom’s shares rose by a below-average 0.2 percent. The shares of the holding company Opus Global left the session with a strong premium of 7.5 percent.
The Prague PX rose for the fourth trading day in a row and rose by 1.31 percent to 1356.22 points. In particular, Erste Bank with plus 2.5 percent and CEZ with plus 1.6 percent provided support. Komercni Banka shares gained 1.2 percent.
On the Polish stock market, the leading index WIG-20 rose by 0.93 percent to 1,967.77 points. The broader WIG closed 0.80 percent higher at 67,199.88 points. Among the heavyweights, PZU rose in price by 2.2 percent, while PKN Orlen securities rose by 1.2 percent. Bank Pekao shares gained 1.8 percent.
In Moscow, however, things fell significantly for the second day in a row. The RTS index lost 1.2 percent to 1,018.31 points./kve/ger/APA/ck/jha/