BUX outperforms Western European peers
The Budapest Stock Exchangeʼs main BUX index finished up 0.54% at 24,126.70 Monday after gaining 0.92% on last Friday.
The BUX index was around the break-even point for most of the day but one hour before the end of trading the index started strengthening and finished the day higher than Western European peers.
The Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday Hungaryʼs seasonally-adjusted Purchasing Managers Index (PMI) rose to 53.0 points in January from 49.9 in December.
OTP gained 1.00% to HUF 6,155 on turnover of HUF 5.86 bln from a HUF 8.24 bln session total.
MOL was up 0.32% at HUF 13,985 on turnover of HUF 793 mln.
Magyar Telekom was up 0.25% at HUF 397 on turnover of HUF 373 mln.
Richterʼs share price increased 0.43% to HUF 5,623 on turnover of HUF 1.10 bln.
The bourseʼs mid-cap BUMIX finished 0.25% lower at 1,663.15.
Elsewhere in the region, the WIG-20 in Warsaw was down 0.15%, while Pragueʼs PX index lost 0.69%.
Western Europeʼs major indices were down ahead of the end of trading. The FTSE100 in London lost 0.52%, the DAX30 in Frankfurt was down by 0.58%, and the CAC40 in Paris was down 0.70%.
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.