Eastern European equities end: Significant losses due to corona worries
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 (PX Prague Stock Exchange Index) fell 0.99 percent to 1362.71 points. Above all, the steep discounts in the share of Erste Group (Erste Group Bank) put pressure on 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 (Komercni Banka AS) slipped by 2.7 percent.
Clear taxes were also recorded in Warsaw. The leading Polish index Wig-20 fell by 1.02 percent to 2248.18 points. The market-wide TIG fell by 1.04 percent to 69 415.67 meters.
Financial stocks fell noticeably. The papers of the insurance company PZU sagged by 4.5 percent. The shareholders of PKO Bank had to book a discount of 2.6 percent.
The Moscow stock exchange had to post a clear minus. The Russian RTS Index (RTS) slipped 2.17 percent to 1723.74 points. The analysts from Raiffeisen Research had downgraded the shares of the stock exchange operator Moscow Exchange. The shares lost 2.2 percent to 161.78 rubles./ste/sto/APA/la/ngu