BUX climbs tracking Western European peers

Telco

The Budapest Stock Exchangeʼs main BUX index finished up 0.70% at 27,271.78 Tuesday after losing 0.22% on Monday.

The BUX index was above the break-even mark during the whole day, rising in the morning then mostly holding steady for the rest of the day following noon.

In Western Europe equities rose toward their highest level since January amid favourable earnings reports and increasing crude oil prices.

OTP gained 1.03% to HUF 7,380 on turnover of HUF 3.65 bln from a HUF 9.31 bln session total.

MOL was up 1.86% at HUF 16,725 on turnover of HUF 2.89 bln. 

Magyar Telekom was unchanged at HUF 470 on turnover of HUF 372m. 

Richter fell 0.71% to HUF 5,560 on turnover of HUF 2.30 bln. 

The bourseʼs mid-cap BUMIX finished 0.41% higher at 1,768.48.

Elsewhere in the region, the WIG-20 in Warsaw was up 0.95% while Pragueʼs PX index gained 1.17%.

Western Europeʼs major indices were up before the end of trading. The FTSE100 in London gained 0.81%, the DAX30 in Frankfurt was up by 2.24%, and the CAC40 in Paris climbed 1.29%.

International oil prices were higher as the per barrel price of Brent increased by 3.43% to USD 44.38 and the per barrel price of WTI gained 3.74% to USD 42.73.

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