BUX gains 0.6% on positive US economic data

Telco

The Budapest Stock Exchange’s blue-chip BUX index closed Tuesday trade up 0.63% to 16,556 as the publication of strong US retail-sales, manufacturing and wholesale-price data overshadowed continuing pessimism with regard to the eurozone debt crisis.

The BUX gained 104.14 points on a composite exchange turnover of HUF 13.5bn, fluctuating in a 2.26% range between an intra-session low of 16,244.52 at 12:50 p.m. and an intra-session high of 16,612.07 at 4:50 p.m.

BSE blue-chips stood as follows at Tuesday’s closing bell:

OTP Bank gained 1.76% to HUF 2,885 on a heavy, exchange-high turnover of HUF 10.77bn, or just under 80% of the BSE’s total Tuesday trade;

Oil and gas company MOL advanced 0.30% to HUF 16,900 on a turnover of HUF 1.85bn after reporting before the open of markets that the company’s net income fell a lower-than-expected 60% yr/yr to HUF 36.4bn in the third quarter of 2011;

Drug company Richter declined 0.25% to HUF 36,200 on a turnover of HUF 327m.

Magyar Telekom lost 0.20% to HUF 500 on a turnover of HUF 345m.

The BSE Big Four generated 98.5% of the exchange’s composite Tuesday turnover.

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