The Budapest Stock Exchange's blue-chip BUX index closed Monday trade up 1.60% to 23,415.34.
The BUX gained 369.34 points on a composite exchange turnover of HUF 19.3 billion as Sunday's announcement of less-rigorous-than-expected Basel III banking-regulations and Monday's publication of higher-than-expected Chinese industrial-output data for the month of August propelled blue-chip indices throughout Europe higher. The BUX fluctuated in a 1.2% range between an intra-session low of 23,232.20 at 9:15 a.m. and an intra-session high of 23,510.86 shortly before 4:30 p.m.
The mid-cap BUMIX index also gained on Monday, advancing 9.79 points, or 0.48%, to 2,052.28.
BSE blue-chips stood as follows at Monday's closing bell:
OTP Bank gained 3.50% to HUF 5,025 on an exchange-high turnover of HUF 10.01 billion.
Oil and natural gas company MOL advanced 1.58% to HUF 22,500 on a turnover of HUF 6.66 billion;
Drug company Richter gained 0.98% to HUF 47,265 on a turnover of HUF 1.59 billion;
Magyar Telekom advanced 0.14% to HUF 693 on a turnover of HUF 407 million.
The BSE Big Four generated 96.72% of the exchange's composite Monday turnover.
Other major central and eastern European blue-chip stock indices also closed higher on Monday, with Prague's PX-50 gaining 0.93% to 1,149.40 and Warsaw's WIG-20 advancing 1.40% to 2,559.89. (MTI – Econews)