ADVERTISEMENT

BUX up with modest gains

Telco

The Budapest Stock Exchangeʼs main BUX index finished up 0.69% at 23,332.71 on Monday after gaining 0.04% on Friday.

The BUX index was above the break-even point during the whole trading session, but gains were only modest and the BUX lagged behind better performing Western European indexes.

An increase in commodity prices pushed the share price of commodity producers higher in Europe, driving a stock market rally. The per barrel price of Brent oil was up 4.88% at USD 34.62 and the per barrel price of WTI oil rose 5.67% to USD 33.55.

Although the share price of all four Hungarian blue-chips advanced, they were not able to keep pace with foreign markets.

OTP gained 0.77% to HUF 6,115 on turnover of HUF 3.86 bln from a HUF 7.11 bln session total.

MOL was up 0.61% at HUF 14,020 on turnover of HUF 1.15 bln.

Magyar Telekom climbed 1.24% to HUF 409 on turnover of HUF 617 mln.

Richter was up 0.47% at HUF 4,950 on turnover of HUF 1.39 bln.

The bourseʼs mid-cap BUMIX finished 1.18% higher at 1,687.58.

Elsewhere in the region, the WIG-20 in Warsaw was up 1.01% while Pragueʼs PX index gained 1.77%.

Western Europeʼs major indices were up ahead of the end of trading. The FTSE100 in London gained 1.53%, the CAC40 in Paris was up 1.70% and the DAX30 in Frankfurt rose 1.81%.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.