BUX closes higher, rising with European peers

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The Budapest Stock Exchangeʼs main BUX index finished up 2.24% at 26,314.30 on Wednesday after gaining 1.14% in the previous session.

The BUX index stayed in positive territory throughout the session, with all four blue-chips registering gains. 

OTP Bank rose 2.48% to HUF 6,900 on turnover of HUF 6.9 bln from a HUF 15.3 bln session total.

Oil and gas company MOL climbed 2.48% to HUF 16,440 on turnover of HUF 3.6 bln.

Drugmaker Richter gained 1.24% to HUF 5,490 on turnover of HUF 3.6 bln.

Magyar Telekom closed up 2.49% at HUF 452 on turnover of HUF 1.1 bln.

The bourseʼs mid-cap BUMIX finished 0.27% higher at 1,742.60.

Elsewhere in the region, the WIG-20 in Warsaw was up 2.36% while Pragueʼs PX index gained 0.86%.

Western Europeʼs major indices were all up ahead of the end of trading. The FTSE100 in London gained 1.77%, the CAC40 in Paris was up 2.05% and the DAX30 in Frankfurt rose 1.91%.

International oil prices rose thanks to the weakening of the dollar, with the price of both WTI and Brent futures up about 3%.

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