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BUX pares gains as OTP weighs

The Budapest Stock Exchange's main BUX index pared gains on Monday as OTP Bank weighed. The BUX rose more than 1% in the morning but ended the session up 0.53% at 23,019.81.

OTP Bank climbed nearly 2% in the morning, but fell after financial market regulator PSzÁF published a report that showed non-performing loans of Hungary's banking sector rose to 8.3% at the end of March from 7.8% at the end of December. The share finished up a slight 0.04% at HUF 5,280 on turnover of HUF 8.4 billion, or almost three-fourths of the sparse HUF 11.3 billion session total.

Oil and gas company MOL gained 1.07% to HUF 20,870 on turnover of HUF 964 million.

Drug maker Richter advanced 1.08% to HUF 47,000 on turnover of HUF 1.1 billion, but Magyar Telekom slipped 0.15% to HUF 673 on turnover of HUF 100 million.

The BUX's mid-cap BUMIX index fell 0.47% to 2,041.03.

Elsewhere in the region, Warsaw's WIG 20 dropped 0.79% and the Prague PX was up 0.03%.

Western Europe's biggest indices were all higher late Monday. London's FTSE 100 climbed 1.24% to 5,398.62 , Frankfurt's DAX advanced 1.15% to 6,331.55 and the CAC 40 in Paris was up 1.42% at 3,768.85. (MTI-Econews)