BUX up tracking Western European peers


The Budapest Stock Exchangeʼs main BUX index finished up 1.47% at 23,670.95 on Tuesday after losing 1.39% on Monday.

The BUX index showed mixed movement in the first hours of trading on Tuesday but after midday share prices began rising steadily, helped on by improving investor sentiment in Western European markets.

Carmakers led a fourth day of gains in European stocks and not even a small decline in commodity prices was enough to halt momentum on the stock market. Commodity prices were lower with the price of Brent falling 1.07% to USD 36.18 per barrel and the price of WTI down 0.09% at USD 33.72.

OTP gained 1.43% to HUF 6,035 on turnover of HUF 2.34 bln from a HUF 7.31 bln session total.

MOL was up 2.08% at HUF 14,200 on turnover of HUF 978 mln.

Magyar Telekom jumped 3.28% to HUF 441 on turnover of HUF 2.31 bln.

Richter edged up 0.12% to HUF 5,080 on turnover of HUF 1.57 bln. 

The bourseʼs mid-cap BUMIX finished 2.57% higher at 1,749.45.

Elsewhere in the region, the WIG-20 in Warsaw was up 0.05% while Pragueʼs PX index gained 1.67%.

Western Europeʼs major indices were up ahead of the end of trading. The FTSE100 in London gained 0.93%, the CAC40 in Paris was up 1.19% but the DAX30 in Frankfurt rose 2.31%.


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