BUX rises slowly but steadily

Telco

The Budapest Stock Exchangeʼs main BUX index finished up 0.53% at 22,007.07 Thursday after losing 0.07% on Wednesday. The BUX index slowly and steadily strengthened throughout the day but turnover was only around two-thirds of the daily average this year pointing towards a calmer market.

OTP showed some signs of strengthen, but mostly it continued to track the BUX index. MOL was however lagging behind the market as statements by Croatian Economy Minister Ivan Vrdoljak made it clear that there are still strong differences of opinion between MOL and the Croatian government concerning MOLʼs role in Zagreb-based oil and gas company INA.

OTP gained 0.70% to HUF 5,740 on turnover of HUF 3.19 bln from a HUF 6.09 bln session total.

MOL was down 0.34% at HUF 13,100 on turnover of HUF 605m.

Magyar Telekom lost 0.51% to HUF 387 on turnover of HUF 410m.

Richterʼs share price climbed 1.68% to HUF 4,716 on turnover of HUF 1.85 bln.

The bourseʼs mid-cap BUMIX finished 0.07% lower at 1,616.74.

Elsewhere in the region, the WIG-20 in Warsaw was up 0.82%, while Pragueʼs PX fell 0.19%.

Western Europeʼs major indices were up ahead of the end of trading. The FTSE100 in London gained 1.12%, the DAX30 in Frankfurt was up by 1.40%, and the CAC40 in Paris was up 1.43%.

ADVERTISEMENT

PMI rises to 57 in June Analysis

PMI rises to 57 in June

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

MNB and Budapest Institute of Banking executive director Ger... Podcasts

MNB and Budapest Institute of Banking executive director Ger...

FINA head thanks Hungary for hosting 2022 worlds City

FINA head thanks Hungary for hosting 2022 worlds

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.