BUX up on European rally

Telco

The Budapest Stock Exchange's main BUX index finished up 0.68% at 17,272.27 Wednesday, after falling 1.12% Tuesday. It is down 6.96% from the end of last year, after it rose 2.15% in 2013. With local woes broadly unchanged, the Budapest parquet corrected up on a strong rally in leading European markets.

Statistics on accelerating growth of retail trade in Hungary in September also helped as well as a survey of economic portal Portfolio.hu which showed fund managers became more optimistic on a three-month horizon.

OTP lost 0.23% to HUF 3,941 on turnover of HUF 2.02 bln from a HUF 4.16 bln session total, a hair above half the daily average this year.

MOL gained 0.78% to HUF 11,640 on turnover of HUF 494 mln.

Magyar Telekom surged 1.75% to HUF 348 on turnover of HUF 751 mln.

Richter advanced 1.19% to HUF 3,830 on turnover of HUF 836 mln.

The bourse's mid-cap BUMIX went out 0.41% higher at 1,461.17.

Elsewhere in the region, Warsaw's WIG20 was down 0.64%, while Prague's PX sank 1.02%. Western Europe's major indices were all up ahead of their close Wednesday, FTSE-100 in London 1.14%, DAX30 in Frankfurt 1.58%, and CAC40 in Paris 1.91%.

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