BUDAPEST: The Budapest Stock Exchangeʼs main BUX index finished up 2.94% at 21,389.35 Tuesday after dropping 6.07% Monday.
OTP = + 3.69%
MOL = + 2.70%
MTEL = + 1.57%
RICHTER = + 3.04%
Investor sentiment recovered on Tuesday and share prices of all four blue chips increased on the BSE following a more than 6% fall on Monday when investors concerned about the health of Chinaʼs economy sold heavily. Share prices in China continued to fall on Tuesday, but European markets were on a path to recovery giving confidence to traders in Hungary.
The National Bank of Hungaryʼs Monetary Council decided to keep the central bankʼs key rate on hold at 1.35% at a policy meeting on Tuesday. The decision was expected and did not influence trading. OTP gained 3.69% to HUF 5,450 on turnover of HUF 6.09 bln from a HUF 11.40 bln session total.
MOL was up 2.70% at HUF 13,865 on turnover of HUF 2.75 bln.
