FX loan conversion news lifts BUX
The Budapest Stock Exchange's main BUX index climbed 2.93% to 17,625.48 on Monday. The advance was led by OTP Bank, whose share price rose on news the country's retail FX lending stock would be converted at market rates.
OTP Bank gained 5.10% to HUF 4,100 after the announcement of the conversion rate on Sunday. Turnover of the share came to HUF 8.2 bln of the HUF 10 bln session total. Oil and gas company MOL rose 1.49% to HUF 11,935 on turnover of HUF 588 mln. Drugmaker Richter climbed 3.27% to HUF 3,850 on turnover of HUF 867 mln. Magyar Telekom was up 0.87% at HUF 346 on turnover of HUF 156 mln.
Elsewhere in the region, Warsaw's WIG 20 fell 0.43% but the Prague PX rose 0.70%. Western Europe's biggest indices were all higher late on Monday.
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