BUX up with modest gains
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%.
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