BUX gains on European dollar loan program, support for Greece

Telco

The Budapest Stock Exchange's blue-chip BUX index closed Thursday trade up 1.01% to 16,798.21 as the announcement of an international dollar-loan program to the European Central Bank and a joint statement from Chancellor Angela Merkel of Germany and President Nicolas Sarkozy of France that Greece's future lay within the euro-zone boosted sentiment at bourses throughout Europe.

The BUX gained 168.46 points on a composite exchange turnover of HUF 14.57 billion, fluctuating in a 1.7% range between an intra-session low of 16,583.10 shortly after morning bell and an intra-session high of 16,867.34 at 3:45 p.m.

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

OTP Bank gained 2.19% to HUF 3,730 on an exchange-high turnover of HUF 7.85 billion;

Oil and gas company MOL advanced 1.12% to HUF 14,945 on a turnover of HUF 4.86m;

Magyar Telekom gained 0.83% to HUF 487 on a turnover of HUF 538m;

Drug company Richter lost 1.26% to HUF 33,400 on a turnover of HUF 1.01 billion.

The BSE Big Four generated 97.9% of the exchange's composite Thursday turnover.

ADVERTISEMENT

17% of homeowners plan renovations this year Analysis

17% of homeowners plan renovations this year

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.