PRAGUE/BUDAPEST/WARSAW (dpa-AFX) – The most important stock exchanges in Eastern Europe closed again inconsistently on Tuesday. Gains in Budapest and Moscow were offset by losses in Prague and Warsaw. Investors everywhere are waiting for the interest rate decisions from important central banks that are due this Wednesday and Thursday.
The Czech PX (PX Prague Stock Exchange Index) closed with minus 0.16 percent to 1,406.03 points. The index was primarily impacted by CEZ (CEZ AS). The power producer’s shares lost 1.1 percent on higher volume.
Things went down more significantly in Warsaw. The Polish Wig-20 (WIG 20) lost 0.85 percent to 2293.66 points. The broader WIG fell 0.71 percent to 76,840.65 points. Among the bigger losers were the shares of the oil company PKN ORLEN, down 1.1 percent.
Shares of Bank PKO (PKO Bank Polski) fell 0.6 percent. According to analysts at Erste Group (Erste Group Bank), the fact that the financial institution’s proposed dividend increase was approved by the relevant supervisory authority was expected.
The Hungarian BUX index rose by 1.21 percent to 59,004.86 points. Among the heavyweights, the shares of the oil company MOL and the bank OTP (Orságos Takar És Ker BK ON) posted gains of almost two percent each.
There were also moderate gains in Moscow. The RTS index (RTS) ended the day up 0.77 percent to 1056.02 points./mik/ger/APA/ck/ngu
