BUX advances with European peers

Telco

The Budapest Stock Exchangeʼs main BUX index finished 1.48% higher at 26,412.03 on Wednesday as all of the blue chips advanced.

The BUX index stayed above the break-even mark throughout the session, rising along with European share indices after strong Chinese trade data boosted sentiment on markets.

OTP Bank gained 2.03% to HUF 7,020 on turnover of HUF 5.14 bln from a HUF 8.42 bln session total.

Oil and gas company MOL rose 0.72% to HUF 16,185 on turnover of HUF 1.09 bln.

Drugmaker Richter climbed 2.00% to HUF 5,455 on turnover of HUF 1.59 bln.

Magyar Telekom closed up 0.86% at HUF 467 on turnover of HUF 0.42 bln.

The bourseʼs mid-cap BUMIX finished 0.46% higher at 1,757.33. 

Elsewhere in the region, the WIG-20 in Warsaw was up 1.92% while Pragueʼs PX index rose 0.97%.

Western Europeʼs major indices were up before the end of trading. The FTSE100 in London gained 1.59%, the DAX30 in Frankfurt was up by 2.13%, and the CAC40 in Paris climbed 2.79%.

ADVERTISEMENT

Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.