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BUX gains 3.23% on Franco-German pledge of euro-zone debt measures

Telco

The Budapest Stock Exchange's blue-chip BUX index closed Monday trade up 3.23% to 16,815.58 as this weekend's Franco-German pledge to take concerted steps to resolve the euro-zone's debt crisis boosted sentiment among BSE investors.

The BUX gained 526.44 points on a composite exchange turnover of HUF 10.7bn, fluctuating in a broad, 4.03% range between an intra-session low of 16,163.68 shortly before 10:00 a.m. and an intra-session high at the index's closing mark of 16,815.58.

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

Oil and gas company MOL gained 4.62% to HUF 16,530 on a turnover of HUF 1.99bn;

OTP Bank advanced 3.39% to HUF 3,261 on an exchange-high turnover of HUF 7.02bn;

Drug company Richter gained 2.72% to HUF 33,075 on a turnover of HUF 518m;

Magyar Telekom advanced 1.73% to HUF 528 on a turnover of HUF 918m.

The BSE Big Four generated 97.6% of the exchange's composite Monday turnover.

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