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BUX gains 4.48%; rises along with peers

The Budapest Stock Exchange's main BUX index gained 4.48% to 18,840.19 on Monday as key indices all rose in Western Europe and on the CEE markets. The positive correction that began on Friday continued although the index has still not recovered its losses since August 5 when it closed under the 20,000 mark for the first time since November 2009.

OTP Bank rose 5.95% to HUF 4,450 on turnover of HUF 10.6 billion, oil and gas company MOL advanced 6.71% to HUF 17,500 on turnover of HUF 4.3 billion, drug maker Richter gained 0.81% to HUF 34,680 on turnover of HUF 0.85bn and Magyar Telekom closed up 4.08% at HUF 510 on turnover of HUF 0.62 billion.

Share turnover amounted to HUF 16.9 billion for the session.

The bourse's mid-cap BUMIX index rose 2.85% to 1,530.95.  

Major Western European share indices were all rising, with London's FTSE up 0.69%, Frankfurt's DAX gaining 0.70% and the CAC-40 in Paris advancing 1.41%.

Elsewhere in the CEE region, Warsaw's WIG-20 rose 1.66pc and Prague's PX-50 gained 2.84pc.