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BUX outperforms Western European peers

The Budapest Stock Exchangeʼs main BUX index finished up 0.54% at 24,126.70 Monday after gaining 0.92% on last Friday.

OTP = +1.00%

MOL = +0.32%

MTEL  = +0.25%

RICHTER = +0.43%

The BUX index was around the break-even point for most of the day but one hour before the end of trading the index started strengthening and finished the day higher than Western European peers.

The Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday Hungaryʼs seasonally-adjusted Purchasing Managers Index (PMI) rose to 53.0 points in January from 49.9 in December.

OTP gained 1.00% to HUF 6,155 on turnover of HUF 5.86 bln from a HUF 8.24 bln session total.

MOL was up 0.32% at HUF 13,985 on turnover of HUF 793 mln.

Magyar Telekom was up 0.25% at HUF 397 on turnover of HUF 373 mln.

Richterʼs share price increased 0.43% to HUF 5,623 on turnover of HUF 1.10 bln.

The bourseʼs mid-cap BUMIX finished 0.25% lower at 1,663.15.

Elsewhere in the region, the WIG-20 in Warsaw was down 0.15%, while Pragueʼs PX index lost 0.69%.

Western Europeʼs major indices were down ahead of the end of trading. The FTSE100 in London lost 0.52%, the DAX30 in Frankfurt was down by 0.58%, and the CAC40 in Paris was down 0.70%.