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BUX closes day with 1.17% rise

 

The Budapest Stock Exchange's main BUX index gained 1.17pc to 22,200.63 on Monday, regaining ground lost on Friday after announcements by rating agencies.

The BUX lost 1.5pc on Friday after Moody's placed Hungary's sovereign rating on review for downgrade and Standard and Poor's revised its outlook for the country's rating to negative from stable. On Monday, the index rose about the same as its peers in the region.

OTP Bank advanced 2.96pc to HUF 5,180 on turnover of HUF 7.7bn, or about 72pc of a paltry HUF 10.7bn session total. The share rose after test results from a stress test coordinated by the Committee of European Banking Supervisors (CEBS) were "sound" and "well above the threshold expected".

Oil and gas company MOL rose 1.33pc to HUF 19,760 on turnover of HUF 1.9bn.

Magyar Telekom climbed 0.75pc to HUF 670 on turnover of HUF 517m, but drug maker Richter slipped 0.34pc to HUF 44,450 on turnover of HUF 394m.

The bourse's mid-cap BUMIX index inched up 0.19pc to 2,010.12. 

Elsewhere in the region Warsaw's WIG 20 was up 1.38pc and the Prague PX rose 0.76pc. Western Europe's biggest indices were all higher late Monday. London's FTSE 100 was up 0.35pc at 5,330.98, Frankfurt's DAX rose 0.12pc to 6,173.67 and the CAC 40 in Paris climbed 0.38pc to 3,620.61. (MTI)