Are you sure?

BUX gains 0.48%, rebounding from dip into negative territory following US jobs data

The Budapest Stock Exchange's blue-chip BUX index closed Friday trade up 0.48% to 22,935.89, recovering from a brief slide into negative territory after investors manifested disappointment at slightly better-than-expected data at 2:30 p.m., Central European Time, showing that the US unemployment rate fell to a two-year low of 8.9% in February.

The BUX gained 109.95 points on a composite exchange turnover of HUF 17.59 billion, fluctuating in a 1.48% range between an intra-session high of 23,126.82 at 11:20 a.m. and an intra-session low of 22,783.90 at 4:15 p.m.

The mid-cap BUMIX index also gained on Friday, advancing 2.05 points, or 0.11%, to 1,920.85.

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

Drug company Richter gained 1.55% to HUF 37,675 on a turnover of HUF 880 million;

Oil and gas company MOL advanced 0.64% to HUF 24,300 on a turnover of HUF 5.1 billion;

OTP Bank gained 0.36% to HUF 5,575 on an exchange-high turnover of HUF 9.41 billion as deputy CEO László Bencsik's announcement that the bank would pay dividend for the first time since 2007 offset data contained in OTP's IFRS report published before the open of markets on Friday morning showing that the bank had lower-than-expected equity-holder attributable net profit of HUF 17.25 billion in the fourth quarter of last year, largely due to an extraordinary tax on financial sector companies;

Magyar Telekom lost 0.52% to HUF 570 on a turnover of HUF 1.73 billion. The BSE Big Four generated 97.33% of the exchange's composite Friday turnover.

Other major central and eastern European blue-chip stock indices finished mixed on Friday, with Prague's PX-50 losing 0.40% and Warsaw's WIG-20 gaining 0.25%.