BUX rises on gains from OTP

Telco

The Budapest Stock Exchangeʼs main BUX index finished up 0.11% at 24,330.34 on Wednesday after gaining 1.68% on Tuesday.

The BUX index stayed in positive territory throughout the session although in the end OTP Bank was the only blue chip to register gains. OTP continued its rally started on the previous day, with investors pricing in several pieces of recent good news affecting the bank sector including the governmentʼs newly expanded home purchase subsidy system.

OTP gained 1.71% to HUF 6,188 on turnover of HUF 10.58 bln from a HUF 14.72 bln session total.

MOL was down 1.11% at HUF 13,795 on turnover of HUF 1.61 bln.

Magyar Telekom lost 0.49% to HUF 406 on turnover of HUF 0.26 bln.

Richterʼs share price was down 0.34% at HUF 5,790 on turnover of HUF 2.19 bln.

The bourseʼs mid-cap BUMIX finished 0.08% higher at 1,646.06.

Elsewhere in the region, the WIG-20 in Warsaw was up 1.26%, while Pragueʼs PX lost 0.53%.

Western Europeʼs major indices were mixed ahead of the end of trading. The FTSE100 in London gained 0.33%, the DAX30 in Frankfurt was down by 0.44%, and the CAC40 in Paris edged down 0.01%.

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