BUX rises 1.5% as fx mortgage-repayment plan lifts OTP Bank to big gain

Telco

The Budapest Stock Exchange’s blue-chip BUX index closed Thursday trade up 1.49% to 17,024.43 as an agreement between the government and the Hungarian Banking Association on a repayment scheme for borrowers with foreign-currency-denominated mortgages propelled index heavyweight OTP Bank to a gain of over 6%.

The BUX gained 249.61 points on a composite exchange turnover of HUF 15.6bn, fluctuating in a 2.33% range between an intra-session low of 16,707.95 at 9:45 a.m. and an intra-session high of 17,096.44 at 3:30 p.m.

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

OTP Bank gained 6.24% to HUF 3,150 on an exchange-high turnover of HUF 12.7bn, or 81.4% of the BSE’s total Thursday trade;

Drug company Richter advanced 1.47% to HUF 34,500 on a turnover of HUF 408m;

Magyar Telekom lost 0.19% to HUF 515 on a turnover of HUF 419m;

Oil and gas company MOL declined 1.09% to HUF 17,695 on a turnover of HUF 1.57bn.

The BSE Big Four generated 96.8% of the exchange’s composite Thursday turnover.

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