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BUX gains 2.68% on sharp MOL advance

The Budapest Stock Exchange’s blue-chip BUX index closed Monday trade up 2.68% to 17,519.07 on an advance of over 6% from heavyweight issuer MOL following a British press report that Exxon Mobil was interested in purchasing the company’s partner, Gulf Keystone Petroleum, for around GBP 7bn (€8.33bn).

The BUX rose 457.59 points on a composite exchange turnover of HUF 13.22bn, fluctuating in a 1.69% range between an intra-session low at the index’s 9:00 a.m. opening mark of 17,234.74 at and an intra-session high of 17,525.97 at 9:45 a.m.

BSE blue-chips stood as follows at Monday’s closing bell:

Oil and gas company MOL gained 6.01% to HUF 18,250 on an exchange-high a turnover of HUF 6.13bn;

OTP Bank advanced 2.15% to HUF 3,323 on a turnover of HUF 5.74bn;

Drug company Richter gained 0.56% to HUF 35,295 on a turnover of HUF 587m;

Magyar Telekom advanced 0.19% to HUF 515 on a turnover of HUF 266m.

The BSE Big Four generated 96.2% of the exchange’s composite Monday turnover.