Eastern European equities End: Stock exchanges mostly close more firmly

PRAGUE / BUDAPEST / WARSAW / MOSCOW (dpa-AFX) - After a rather moderate start to the trading week, the most important Eastern Europeans presented themselves stock marketn mainly with clear gains on Tuesday. The markets benefited from positive economic data from the eurozone and generally good investor sentiment in the wake of the international stock exchanges. Only the Warsaw Stock Exchange lagged a little behind.

In Prague, the leading Czech index PX closed with a clear plus of 0,95 percent at 1173,71 units. In the first quarter, the Czech economy evidently did better than feared, with economic output falling by 2,1 percent. The clearest price movement in the PX was recorded by the almost four percent higher shares in Komercni Banka. In addition, the shares of the arms manufacturer CZG also gained 1,4 percent.

In Budapest, the leading index Bux gained 0,71 percent to 46 points. Here, too, economic figures were on the agenda. Although the Hungarian economy contracted compared to the previous year, an increase was reported for the previous quarter. The stocks of OTP Bank posted clear gains with a plus of 699,74 percent. The shares of the oil company MOL also gained 1,6 percent. The shares in the pharmaceutical company Gedeon Richter, however, lost 0,9 percent.

However, the Warsaw Stock Exchange did not join the good market sentiment on Tuesday. The TIG-20 went out of the market unchanged in percentage terms at 2233,37 units, while the broader WIG with 66 272,82 points brought a narrow discount of 0,02 percent to the target. The focus was on the disappointing quarterly figures of the video game manufacturer CD Projekt, whose papers plummeted by almost 9 percent.

In Moscow, things clearly went up on Tuesday. The Russian RTS index gained 1,04 percent to 1614,21 units.