BUX rebounds with European peers

Telco

The Budapest Stock Exchangeʼs main BUX index finished the session on Thursday up 1.67% at 23,323.68, rebounding with its peers in Europe after two days of losses.

OTP Bank gained 1.73% to HUF 5,941 on turnover of HUF 2.8 bln, only about one-quarter of the HUF 10.5 bln session total.

Oil and gas company MOL edged down 0.04% to HUF 13,880 on turnover of HUF 2.3 bln.

Drugmaker Richter was up 2.25% at HUF 5,082 on turnover of HUF 2.6 bln.

Magyar Telekom climbed 4.63% to HUF 429 on turnover of HUF 2.5 bln. The companyʼs top executives said early Thursday they hoped the telco could pay a HUF 25-per-share dividend on this yearʼs earnings, up from a HUF 15-per-share dividend proposed on the last business year.

The bourseʼs mid-cap BUMIX index rose 0.35% to 1,702.43.

Elsewhere in the region, Warsawʼs WIG 20 was 0.56% higher and the Prague PX rose 1.20%.

Western Europeʼs biggest indices were all higher before the end of trade on Thursday. Londonʼs FTSE 100 was up 2.50%, Frankfurtʼs DAX climbed 1.50% and the CAC 40 in Paris advanced 2.09%.

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