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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.

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