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Bux gains 2.48%, closes at 23,632

The Budapest Stock Exchange's blue-chip BUX index closed Friday trade up 2.48% to 23,632.05 as the publication of data showing that China's PMI rose for the first time in fourth months and the U.S. unemployment fell to a two-year-low of 8.8% boosted market-sentiment at bourses throughout Europe.

The BUX gained 572.28 points on a week-high composite exchange turnover of HUF 17.27 billion, fluctuating in a 2.5% range between an intra-session low of 23,056.66 shortly after opening bell and an intra-session high at the index's closing mark of 23,632.05. For the week, the BUX gained 601.67 points, or 2.61%.

The mid-cap BUMIX index also gained on Friday, advancing 9.52 points, or 0.49%, to 1,942.62. For the week, the BUMIX gained 10.08 points or 0.52%.

BSE blue-chips stood as follows at Friday's closing bell:

OTP Bank gained 3.49% to HUF 5,745 on an exchange-high turnover of HUF 8.89 billion;

Oil and gas company MOL advanced 3.00% to HUF 24,700 on a turnover of HUF 4.67 billion;

Drug company Richter gained 2.42% to HUF 39,940 on a turnover of HUF 2.38 billion;

Magyar Telekom advanced 0.17% to HUF 591 on a turnover of HUF 630 million.

For the week, Richter gained 6.34%, MOL gained 3.78% and OTP gained 1.07%, while Magyar Telekom lost 0.34%.

The BSE Big Four generated 95.9% of the exchange's composite Friday turnover.

Peter Varju of Erste Investment noted that the BUX posted a 2011 closing high on Friday, adding that the strengthening of the forint indicates that investor sentiment has improved with regard to Hungary.

Other major central and eastern European blue-chip stock indices finished flat-to-higher on Friday, with Prague's PX-50 closing unchanged and Warsaw's WIG-20 advancing 1.90%.