BUX opens up 1.96%
The Budapest Stock Exchange's main BUX index opened up 1.96% at 18,385.87 on Monday.
OTP Bank rose 2.86% to HUF 4,320, oil and gas company MOL gained 2.93% to HUF 16,880, drug maker Richter advanced 0.29% to HUF 34,500 and Magyar Telekom opened up 1.43% at HUF 497.
Analysts interviewed by MTI said they expected the positive correction to continue on the BSE on Monday.
The weakening of the Swiss franc could have a positive effect on OTP Bank shares, Gergely Gabler of Erste Investment said. The upward trend of US futures could also help the BUX, he said.
Akos Kuti of Equilor Investment said he expected to see a positive mood in the morning, and then the New York opening to influence afternoon trading in Budapest.
The BUX closed up 1.61% at 18,032.49 on Friday on turnover of HUF 17.78 billion.
ADVERTISEMENT
MBH Bank Closes Acquisition of Duna Takarék Bank
Orbán Augurs Economic Rebound From Q3
Corvinus Uni, ExxonMobil Sign Cooperation Deal
Budapest Muni Council Clears Rác Baths Renovation
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.
