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Eastern European equities end: Significant losses due to corona worries

Friday, 11/19/2021 6:47 PM by

dpa-AFX

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Eastern Europe on a globe (symbolic image). © Juanmonino / E + / Getty Images

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PRAGUE / BUDAPEST / WARSAW (dpa-AFX) – The most important stock exchanges in Central and Eastern Europe closed weakly on Friday. At the end of the week, negative international investor sentiment had a negative effect due to the rapidly increasing number of new infections with the coronavirus in some countries. Investors fear negative effects on economic development from the planned or already fixed restriction measures.

The Bux lost 1 percent in Budapest to 51,472.91 units. Under selling pressure, the heavyweights were the mol shares with a minus of 3.3 percent. The lower crude oil prices could have had a negative impact here.

The PX decreased by 0.99 percent to 1362.71 points. Above all, the steep discounts in the Erste Group share depressed the Czech benchmark index . The shares of the Austrian bank, which is also listed in Prague, slipped by 4.4 percent after a lockdown in Austria from Monday. The papers of the industry colleagues went in clearly different directions. While the shareholders of Moneta Money Bank posted a clear plus of 6.3 percent, the shares of Komercni Banka slipped by 2.7 percent.

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