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%.

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