PRAGUE/BUDAPEST/WARSAW (dpa-AFX) – The most important Eastern European stock exchanges closed with gains on Thursday. In Warsaw, however, price losses were recorded. Positive signs also predominated in Western Europe, although hopes of imminent interest rate cuts were dampened by labor market data from the USA.
The Prague PX (PX Prague Stock Exchange Index) closed with a gain of 1.33 percent to 1,438.01 points, its highest level since February 2022. The heavily weighted bank stocks provided a boost. Komercni Banka (Komercni Banka AS) and Erste Group (Erste Group Bank) each rose by over two percent.
In Budapest, the Hungarian leading index continued the directionless previous days. Ultimately, the BUX gained 0.25 percent to 60,838.30 points. As on the previous days, the pharmaceutical shares of Gedeon Richter (Chemical Works of Richter Gedeon) provided support with plus 1.5 percent. Shares in OTP Bank (Orságos Takar És Ker BK ON) and the oil company MOL, however, fell slightly.
The cautious development on the Warsaw stock market has continued since the beginning of the year. On Thursday, the Wig-20 (WIG 20) lost another 0.65 percent to 2280.21 points. The broader WIG fell by 0.32 percent to 76,810.94 points. The price losses spread across the sectors, but remained largely small. However, Cyfrowy Polsat, Kety and Pepco each recorded losses of over two percent.
Profits were recorded on the Moscow Stock Exchange. The RTS index (RTS) increased by 0.84 percent to 1082.11 points./spa/mik/APA/ajx/he