BUX advances 1.9% as OTP lifts index to five-month high

Telco

The Budapest Stock Exchange’s BUX index finished Thursday trade up 1.93% to 18,500.01 as OTP Bank’s gain of nearly 7% on an improvement in euro-zone sentiment following successful bond auctions in Spain and France lifted the BSE blue-chip index to its highest close since August 17, 2011.

The BUX gained 349.71 points on a brisk composite exchange turnover of HUF 29.32bn, fluctuating in a 3.15% range between an intra-session low of 17,994.25 at 11:00 a.m. and an intra-session high of 18,561.40 at 3:10 p.m.

BSE blue-chips stood as follows at Thursday’s closing bell:

OTP Bank gained 6.81% to HUF 3,749 on an immense, exchange-high turnover of HUF 21.75, or just under 75% of the BSE’s total Thursday trade;

Oil and gas company MOL advanced 0.81% to HUF 18,750 on a turnover of HUF 4.34bn;

Magyar Telekom gained 0.18% to HUF 546 on a turnover of HUF 1.69bn;

Drug company Richter lost 1.47% to HUF 36,550 on a turnover of HUF 1.1bn.

The BSE Big Four generated 98.5% of the exchange’s composite Thursday turnover.

Bamosz Investment Fund Value Reaches HUF 15.793 tln in May Figures

Bamosz Investment Fund Value Reaches HUF 15.793 tln in May

Karácsony Still Winner of Budapest Mayoral Election After Re... Elections

Karácsony Still Winner of Budapest Mayoral Election After Re...

Hungary Wants EU to Smooth Electromobility Transition Transport

Hungary Wants EU to Smooth Electromobility Transition

Summer Camp Prices Have Increased 10-15% Tourism

Summer Camp Prices Have Increased 10-15%

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.