BUX further up on Greece, China
The Budapest Stock Exchangeʼs main BUX index finished up 1.52% at 22,064.46 Friday after rising 1.72% Thursday. It is up 32.65% from year-end, after losing 10.40% last year.
Pulled by soaring euro zone markets, the Budapest parquet continued to rise for a second day on strengthening hopes for a cash-for-reforms deal on Greece by Sunday, and further recovery in Chinese bourses.
Emerging markets equity funds worldwide attracted USD 10.7 bln inflows in a third straight week of inflows, Bank of America said on Friday.
Still low volumes, however, slowed BUXʼs advance compared to euro zone peers, as investors preferred Hungarian sovereign bonds to shares in speculation that Moodyʼs might upgrade the outlook on Hungaryʼs junk rating to "positive" from "stable" on Friday after market close.
OTP rose 2.95% to HUF 5,755 on turnover of HUF 4.46 bln from a HUF 7.38 bln session total, three-quarters of the daily average this year.
MOL gained 0.03% to HUF 14,355 on turnover of HUF 1.24 bln.
Magyar Telekom won 0.51% to HUF 394 on turnover of HUF 299m.
Richter advanced 1.92% to HUF 4,255 on turnover of HUF 1.31 bln.
The bourseʼs mid-cap BUMIX went out 0.28% lower at 1,652.80.
Over the week, the BUX was up 0.87% after rising 0.30% the previous week.
OTP gained 2.29% after adding 0.72% last week.
MOL fell 1.44% after winning 1.50% the previous week.
Magyar Telekom shed 0.25% after falling 1.25% last week.
Richter rose 1.99% after dropping 0.67% over the previous week.
The BUMIX increased 1.03% after dipping 1.23% over last week.
Elsewhere in the region, WIG 20 in Warsaw was up 1.71%, while Pragueʼs PX gained 1.04%.
Western Europeʼs major indices were all up ahead of their close on Friday, FTSE100 in London 1.46%, DAX30 in Frankfurt 2.87%, and CAC40 in Paris 3.14%.
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