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BUX gains 0.84% as strong results from UBS lift sentiment

The Budapest Stock Exchange's blue-chip BUX index closed Tuesday trade up 0.84% to 24,165.83 as the publication of higher-than-expected first-quarter profit from Swiss bank UBS boosted sentiment at bourses throughout Europe.

The BUX gained 201.37 points on a light composite exchange turnover of HUF 10.01 billion, fluctuating in a 1.15% range between an intra-session low of 23,891.46 shortly after morning bell and an intra-session high at the index's closing mark of 24,165.83.

The mid-cap BUMIX index declined on Tuesday, losing 11.81 points, or 0.61%, to 1,930.02.

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

OTP Bank gained 1.94% to HUF 6,360 on an exchange-high turnover of HUF 7.48 billion, or 74.7% of the BSE's total Tuesday trade; oil and gas company MOL advanced 0.93% to HUF 24,545 on a turnover of HUF 1.03 billion; Magyar Telekom gained 0.16% to HUF 609 on a turnover of HUF 681 million; drug company Richter lost 0.11% to HUF 37,815 on a turnover of HUF 513 million.

The BSE Big Four generated 96.94% of the exchange's composite Tuesday turnover.

Other major central and eastern European blue-chip stock indices finished mixed on Tuesday, with Prague's PX-50 losing 0.26% and Warsaw's WIG-20 gaining 0.37%.