BUX finishes week higher

Telco

The Budapest Stock Exchangeʼs main BUX index finished the session on Friday up 1.43% at 23,657.79, tracking gains in Western Europe and leaving its regional peers far behind.

OTP Bank gained 1.58% to HUF 6,035 on turnover of HUF 3.4 bln or a little more than 40% of the HUF 8.0 bln session total.

Oil and gas company advanced 0.72% to HUF 13,980 on turnover of HUF 1.1 bln.

Drugmaker Richter rose 2.32% to HUF 5,200 on turnover of HUF 2.3 bln.

Magyar Telekom was up 0.70% at HUF 432 on turnover of HUF 1.2 bln.

The bourseʼs mid-cap BUMIX index edged up 0.12% to 1,704.50.

Elsewhere in the region, Warsawʼs WIG 20 gained 0.35%, but the Prague PX slipped 0.03%.

Western Europeʼs biggest indices were all higher late in the session on Friday. Londonʼs FTSE 100 was up 1.59%, Frankfurtʼs DAX rose 2.14% and the CAC 40 in Paris climbed 1.91%.

On the week, the BUX gained 2.10% as OTP fell 0.54%, but MOL rose 0.32%, Richter climbed 5.54% and Magyar Telekom advanced 6.93%, rallying on confirmation of a HUF 15-per-share dividend and hopes of an even higher payout next year.

Turnover for the week was HUF 44.0 bln, over the HUF 41.5 bln in the previous week.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.