BUX climbs nearly 2%, outperforming European peers

The Budapest Stock Exchangeʼs main BUX index finished the session on Monday up 1.89% at 26,623.71, outperforming its peers in the region and in Western Europe on strong showings by OTP Bank, drugmaker Richter and oil and gas company MOL.

OTP Bank gained 3.07% to HUF 7,060 for the day. OTP is scheduled to release its first-quarter earnings early Friday. Turnover of the share was HUF 4.4 bln, or about two-thirds of the HUF 6.5 bln session total.

Oil and gas company MOL gained 1.69% to HUF 16,510 on turnover of HUF 0.6 bln.

Drugmaker Richter advanced 1.47% to HUF 5,470 on turnover of HUF 1.2 bln. The company announced early in the morning positive drug trial results for an active ingredient it developed to treat uterine fibroids in the United States.

Magyar Telekom rose 0.22% to HUF 466 on turnover of HUF 0.3 bln.

The bourseʼs mid-cap BUMIX index edged down 0.21% to 1,776.53.

Elsewhere in the region, Warsawʼs WIG 20 lost 0.23% and the Prague PX dipped 0.41%.

Western Europeʼs biggest indices were mixed before the end of trade on Monday: Londonʼs FTSE 100 slipped 0.15%, but the DAX in Frankfurt was up 1.20% and the CAC in Paris advanced 0.55%.

Automotive

ALD Automotive | LeasePlan Unveils New Global Mobility Brand Ayvens

Government

Orbán: Peak Flood Expected to Leave Hungary by Mid-Next Week

Energy Trade

MVM H1 Revenue Falls 22% Y.O.Y.

EU

EU to Deduct EUR 200 mln Fine From Hungary Funding

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 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.