BUX advances along with European peers

Telco

The Budapest Stock Exchangeʼs main BUX index finished the session on Wednesday up 0.60% at 27,573.51, lifted by gains from OTP Bank.

After hovering around the break-even line in directionless trade in the morning, the index spent the afternoon in positive territory.

OTP Bank gained 1.99% to HUF 6,762 on turnover of HUF 5.49 bln from a HUF 9.8 bln session total.

Oil and gas company MOL lost 0.45% to HUF 17,515 on turnover of HUF 1.56 bln.

Drugmaker Richter rose 0.34% to HUF 5,820 on turnover of HUF 2.23 bln.

Magyar Telekom closed flat at HUF 445 on turnover of HUF 0.47 bln.

The bourseʼs mid-cap BUMIX index edged down 0.04% to 1,709.97. 

Elsewhere in the region, Warsawʼs WIG 20 rose 0.44% and the Prague PX advanced 0.67%.

Western Europeʼs biggest indices were up before the end of trade on Wednesday. Londonʼs FTSE rose 0.47% and Frankfurtʼs DAX climbed 1.64%.

ADVERTISEMENT

Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...

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.