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BUX opens up 0.39%

The Budapest Stock Exchange's blue-chip BUX index opened Wednesday trade up 0.39% at 21,682.32.

BSE blue-chips, which account for more than 90% of the BUX index's point value, stood as follows at Wednesday's opening bell:

OTP Bank was up 1.20% at HUF 4,721;

Oil and natural gas company MOL was up 0.54% at HUF 20,310;

Magyar Telekom was up 0.15% at HUF 655;

Drug company Richter was down 0.33% at HUF 43,800.

On Tuesday, the BUX closed down 1.46% to 21,597.95 on a turnover of HUF 23.57bn.

Zsolt Balásy of Concorde Securities commented that Tuesday evening's announcement that talks between the government and the International Monetary Fund would resume in the autumn has provided sentiment at the BSE with a boost, noting that OTP could thus recoup some of the bank's sharp Tuesday losses on Wednesday. Balásy added that the performance of blue-chip indices at major bourses in Europe would, however, continue to exercise the primary influence over the course of trade at the BSE. (MTI-ECONEWS)