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BUX ends session higher, bucking trend in region

Telco

The Budapest Stock Exchangeʼs main BUX index finished 1.77% higher at 26,989.59 on Wednesday, even as it European peers declined.

The index spent the entire session in positive territory as all four blue-chips advanced. 

OTP Bank gained 0.69% to HUF 6,858 on turnover of HUF 3.27 bln from a HUF 8.4 bln session total. 

Oil and gas company MOL rose 3.39% to HUF 16,025 on turnover of HUF 3.24 bln. MOL corrected after losing 5.86% on Tuesday, the day it started to trade without its dividend coupon. 

Drugmaker Richter climbed 2.04% to HUF 5,765 on turnover of HUF 1.50 bln. 

Magyar Telekom rose 1.11% to HUF 457 on turnover of HUF 0.23 bln. 

The bourseʼs mid-cap BUMIX finished 0.28% higher at 1,772.33.

Elsewhere in the region, the WIG-20 in Warsaw was down 2.70% while Pragueʼs PX index fell 0.62%. 

Western Europeʼs major indices were down before the end of trading. The FTSE100 in London lost 0.60%, the DAX30 in Frankfurt fell 0.63%, and the CAC40 in Paris was down 0.70%.

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