BUX gains 4.48%; rises along with peers
The Budapest Stock Exchange's main BUX index gained 4.48% to 18,840.19 on Monday as key indices all rose in Western Europe and on the CEE markets. The positive correction that began on Friday continued although the index has still not recovered its losses since August 5 when it closed under the 20,000 mark for the first time since November 2009.
OTP Bank rose 5.95% to HUF 4,450 on turnover of HUF 10.6 billion, oil and gas company MOL advanced 6.71% to HUF 17,500 on turnover of HUF 4.3 billion, drug maker Richter gained 0.81% to HUF 34,680 on turnover of HUF 0.85bn and Magyar Telekom closed up 4.08% at HUF 510 on turnover of HUF 0.62 billion.
Share turnover amounted to HUF 16.9 billion for the session.
The bourse's mid-cap BUMIX index rose 2.85% to 1,530.95.
Major Western European share indices were all rising, with London's FTSE up 0.69%, Frankfurt's DAX gaining 0.70% and the CAC-40 in Paris advancing 1.41%.
Elsewhere in the CEE region, Warsaw's WIG-20 rose 1.66pc and Prague's PX-50 gained 2.84pc.
ADVERTISEMENT
Hungary Trade Surplus at EUR 308 mln in April
Parl't Approves Amendments to Legislation on Judiciary
Gloster Acquires P92 IT Solutions
Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov...
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.
