MOL, Richter lift BUX
The Budapest Stock Exchangeʼs main BUX index finished the session on Tuesday up 0.23% at 28,014.13, rising on gains by oil and gas company MOL and drugmaker Richter.
MOL closed up 0.88% at HUF 17,715 on turnover of HUF 1.53 bln from a HUF session total.
Richter gained 0.50% to HUF 6,030 on turnover of HUF 2.21 bln. Richter continued to rise after reaching a historical high on Monday. Richter is scheduled to release an earnings report sometime during the week.
OTP Bank lost 0.31% to HUF 6,836 on turnover of HUF 1.75 bln.
Magyar Telekom fell 0.45% to HUF 446 on turnover of HUF 0.18 bln.
The bourseʼs mid-cap BUMIX index edged down 0.04% to 1,715.37.
Elsewhere in the region, Warsawʼs WIG 20 dropped 0.59% and the Prague PX fell 0.34%.
Western Europeʼs biggest indices were mixed ahead of the end of trade on Tuesday. Londonʼs FTSE 100 was up 0.24%, Frankfurtʼs DAX rose 0.29% and the CAC 40 in Paris slipped 0.10%.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
