BUX closes higher, outperforming regional peers
The Budapest Stock Exchangeʼs main BUX index finished up 0.33% at 26,298.11 on Wednesday, outperforming its peers in the region, albeit on meager turnover. The index spent most of the session in positive territory.
OTP Bank fell 0.14% to HUF 6,890 on turnover of HUF 3.95 bln from a HUF 7.8 bln session total.
Oil and gas company MOL gained 0.58% to HUF 16,335 on turnover of HUF 1.79 bln.
Drugmaker Richter lost 0.22% to HUF 5,434 on turnover of HUF 0.78 bln.
Magyar Telekom advanced 2.40% to HUF 469 on turnover of HUF 1.05 bln.
The bourseʼs mid-cap BUMIX finished 0.56% higher at 1,758.96.
Elsewhere in the region, the WIG-20 in Warsaw was down 0.74% while Pragueʼs PX index lost 0.58%.
Western Europeʼs major indices were up ahead of the end of trading. The FTSE100 in London rose 0.80%, the CAC40 in Paris gained 0.59% and the DAX30 in Frankfurt climbed 0.51%.
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.