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BUX opens up 0.39

The Budapest Stock Exchange's main BUX index opened up 0.39% at 22,748.89 on Wednesday. OTP Bank gained 0.75% to HUF 5,400, oil and gas company MOL rose 0.37% to HUF 20,175, drug maker Richter inched up 0.08% to HUF 44,935 and Magyar Telekom opened up 0.44% at HUF 690.

The BUX closed up 2.07% at 22,660.05 on Tuesday, on turnover of HUF 29.1bn.

The analysts interviewed by MTI said share prices could continue rising on the BSE on Wednesday as long as the optimistic mood remains on global share markets as well. Zsolt Balasy of Concorde Securities believes the positive sentiment continues on global markets, thus, the BSE could try breaking through some key price levels such as OTP's HUF 5,400 price level.

Szabolcs Kun of QUAESTOR said he expected the optimism on Asian markets to influence European trading. He said the markets could primarily be moved by global sentiment, particularly corporate flash reports. (MTI-ECONEWS)