BUX gains 2.68% on sharp MOL advance

Telco

The Budapest Stock Exchange’s blue-chip BUX index closed Monday trade up 2.68% to 17,519.07 on an advance of over 6% from heavyweight issuer MOL following a British press report that Exxon Mobil was interested in purchasing the company’s partner, Gulf Keystone Petroleum, for around GBP 7bn (€8.33bn).

The BUX rose 457.59 points on a composite exchange turnover of HUF 13.22bn, fluctuating in a 1.69% range between an intra-session low at the index’s 9:00 a.m. opening mark of 17,234.74 at and an intra-session high of 17,525.97 at 9:45 a.m.

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

Oil and gas company MOL gained 6.01% to HUF 18,250 on an exchange-high a turnover of HUF 6.13bn;

OTP Bank advanced 2.15% to HUF 3,323 on a turnover of HUF 5.74bn;

Drug company Richter gained 0.56% to HUF 35,295 on a turnover of HUF 587m;

Magyar Telekom advanced 0.19% to HUF 515 on a turnover of HUF 266m.

The BSE Big Four generated 96.2% of the exchange’s composite Monday turnover.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.