BUX gains almost 2% on hopes for eurozone debt crisis deal
The Budapest Stock Exchange's main BUX index climbed 1.86% to 17,423.33 on Friday, rising with other European indices on hopes European Union leaders will move closer to an agreement on managing the sovereign debt crisis in the eurozone at a weekend summit.
OTP Bank gained 3.15% to HUF 3,400 on turnover of HUF 6.7bn or a little more than two-thirds of the HUF 9.8bn session total.
Oil and gas company MOL rose 1.61% to HUF 17,000 on turnover of HUF 1.9bn.
Drugmaker Richter advanced 1.57% to HUF 35,650 on turnover of HUF 561m.
Magyar Telekom was up 1.38% at HUF 516 on turnover of HUF 448m.
The bourse's mid-cap BUMIX index was down 0.24% at 1,381.14.
Elsewhere in the region, Warsaw's WIG 20 was up 3.63% and the Prague PX climbed 1.68%.
Western Europe's biggest indices were all higher late Friday. London's FTSE 100 was up 1.87% , Frankfurt's DAX advanced 3.04% and the CAC 40 in Paris gained 2.31%.
ADVERTISEMENT
ÁKK Cutting Premiums on PMÁP
Parl't Approves Amendments to Legislation on Judiciary
Magnus Aircraft Signs CNY 65 mln Order
Accommodation Fully Booked Over Pentecost Weekend
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.
