BUX up, outperforming Western European peers
The Budapest Stock Exchangeʼs main BUX index finished up 0.38% at 26,397.46 on Thursday after gaining 0.33% on Wednesday.
The BUX index was above the break-even mark during the whole days but gains were only moderate. OTP supported the rise of the BUX index while the other three-blue chipsʼ share price were either down or only rose marginally.
In Western European markets stocks fell, reversing an earlier advance as banks and carmakers fell, while energy shares tracked oil lower. The FTSE100 and the DAX30 rose in the first hour of trading but then declined throughout the rest of the day.
OTP gained 1.31% to HUF 6,980 on turnover of HUF 6.31 bln from a HUF 8.97 bln session total.
MOL was down 0.28% at HUF 16,290 on turnover of HUF 1.09 bln.
Magyar Telekom was up 0.21% at HUF 470 on turnover of HUF 714m.
Richter edged down 0.04% to HUF 5,432 on turnover of HUF 754m.
The bourseʼs mid-cap BUMIX finished 0.32% lower at 1,753.30.
Elsewhere in the region, the WIG-20 in Warsaw was down 0.47% while Pragueʼs PX index lost 0.01%.
Western Europeʼs major indices were down ahead of the end of trading. The FTSE100 in London lost 0.55%, the CAC40 in Paris 1.08% and the DAX30 in Frankfurt 1.00%.
International oil prices were lower as the per barrel price of Brent decreased by 2.46% to USD 38.86 and the per barrel price of WTI lost 2.07% to USD 36.97.
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