ADVERTISEMENT

BUX gains 4.49% as hope for euro-zone rescue fund lifts OTP Bank to sharp gain

Telco

The Budapest Stock Exchange's blue-chip BUX index closed Tuesday trade up 4.49% to 15,600.68 as optimism among investors that European officials will produce a robust euro-zone debt-bailout fund lifted BSE heavyweight OTP Bank to an advance of nearly 15%.

The BUX gained 670.92 points on a composite exchange turnover of HUF 21.67bn, fluctuating in a 2.75% range between an intra-session low of 15,257.93 at 9:15 a.m. and an intra-session high of 15,678.09 at 1:30 p.m.

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

OTP Bank gained 14.75% to HUF 3,259 on an exchange-high turnover of HUF 15.86, or 73.2% of the BSE's Tuesday trade;

Oil and gas company MOL advanced 1.72% to HUF 14,750 on a turnover of HUF 3.81bn;

Drug company Richter gained 1.40% to HUF 29,610 on a turnover of HUF 859m;

Magyar Telekom finished flat at HUF 468 on a turnover of HUF 813m.

The BSE Big Four generated 98.5% of the exchange's composite Tuesday turnover.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.