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BUX gains on strong Chinese GDP figure

The Budapest Stock Exchange blue chip BUX index closed Wednesday trade up 2.3% at 22,276 as the publication of data showing that China's GDP grew a better-than-expected 9.5% in the second quarter of this year boosted sentiment at bourses throughout Europe.

The BUX gained 507 points on a composite exchange turnover of HUF 12.83 billion, fluctuating in a 1.9% range between an intraday low of 21,856 shortly after morning bell and a high at the index's closing mark of 22,276.

The four blue chip shares stood as follows at Wednesday's closing bell:

Oil and gas company MOL leaped 4.1% to HUF 21,450 on a turnover of HUF 4.87 billion.

OTP Bank jumped 2.4% to HUF 5,625 on an exchange-high turnover of HUF 6.27 billion.

Drugmaker Richter rose 1.2% to HUF 36,750 on a turnover of HUF 706 million.

Magyar Telekom was up 1.1% at HUF 564 on a turnover of HUF 611 million.