BUX opens up 0.5%
The Budapest Stock Exchange's main BUX index opened up 0.53% at 18,123.01 on Friday.
OTP Bank gained 0.96% to HUF 3,685, oil and gas company MOL rose 0.14% to HUF 17,830, drug maker Richter advanced 0.56% to HUF 35,850 and Magyar Telekom climbed 0.57% to HUF 528.
Analysts interviewed by MTI said the positive global sentiment - as European shares are set to continue their debt deal-driven rally - could have a beneficial impact on trading in Budapest.
Zoltán Varga of QUAESTOR said MOL and OTP could remain the driving forces in the coming days, with a barrier that can stop the rise of the share price between HUF 18,200-18,300 for the oil share and at HUF 3,750 for the bank paper. He said it could also be worthwhile to watch Magyar Telekom, which could start climbing if it breaks through HUF 530.
The BUX closed up 3.82% at 18,027.95 on Thursday, on turnover of HUF 20.7bn.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.