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BUX gains 2.7%, outpacing peers

Telco

 The Budapest Stock Exchangeʼs main BUX index finished the session on Friday up 2.69% at 26,434.48, outpacing gains on bourses in the region and Western Europe.

OTP Bank climbed 2.44% to HUF 6,850 on turnover of HUF 3.8 billion or about half of the HUF 7.7 bln session total.

Oil and gas company MOL advanced 3.22% to HUF 16,500 on turnover of HUF 1.8 bln.

Drugmaker Richter was up 3.07% at HUF 5,575. Turnover of the share was HUF 1.6 bln.

Magyar Telekom rose 1.83% to HUF 446 on turnover of HUF 300 million.

The bourseʼs mid-cap BUMIX index finished up 0.90% at 1,778.32. 

Elsewhere in the region, Warsawʼs WIG 20 climbed 0.36% and the Prague PX rose 0.23%.

Western Europeʼs biggest indices were all higher before the end of trade on Friday. Londonʼs FTSE 100 was up 1.56%, Frankfurtʼs DAX climbed 1.09% and the CAC 40 in Paris was up 1.56%.

Fitch is scheduled to review Hungaryʼs sovereign rating later on Friday.

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