BUX gains 0.85% on late rally
The Budapest Stock Exchange's blue-chip BUX index closed Wednesday trade up 0.85% to 16,629.75, as late advances from bourse heavyweights OTP Bank and MOL lifted the index to its first gain in a week.
The BUX jumped 180 points in the final minutes of trade, closing the BSE's Wednesday session up 140.40 points on a composite exchange turnover of HUF 15.99 billion. The BUX fluctuated in a 2.4% range between an intra-session high of 16,802.55 shortly before 1:00 p.m. and an intra-session low of 16,398.16 shortly before 4:00 p.m.
BSE blue-chips stood as follows at Wednesday's closing bell:
Drug company Richter gained 3.06% to HUF 33,825 on a turnover of HUF 822 million;
Oil and gas company MOL advanced 0.82% to HUF 14,780 on a turnover of HUF 3.97 billion;
OTP Bank gained 0.33% to HUF 3,650 on an exchange-high turnover of HUF 9.85 billion;
Magyar Telekom advanced 0.21% to HUF 483 on a turnover of HUF 1.16 billion.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.