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BUX gains 0.9% on eurozone fiscal agreement

Telco

The Budapest Stock Exchange’s blue-chip BUX index closed Friday trade up 0.86% to 17,036.03 as an agreement among the 17 members of the euro-zone to implement closer fiscal union buttressed sentiment among BSE investors.

The BUX gained 145.37 points on a composite exchange turnover of HUF 13.89bn even though Hungary joined non-euro-zone European Union peers Great Britain, Sweden and the Czech Republic in declining to immediately adopt the Friday-morning agreement. The BUX fluctuated in a 2.35% range between an intra-session low at the index’s opening mark of 16,754.39 and an intra-session high of 17,148.26 at 12:40 p.m.

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

Oil and gas company MOL gained 3.43% to HUF 18,100 on a turnover of HUF 1.82bn;

Magyar Telekom advanced 0.78% to HUF 520 on a turnover of HUF 1.58bn;

Drug company Richter lost 0.87% to HUF 34,000 on a turnover of HUF 540m;

OTP Bank declined 0.78% to HUF 3,051 on an exchange-high turnover of HUF 9.74bn, or just over 70% of the BSE’s Friday trade.

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

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