The Hungarian Stock Market Had a Strong Day, MOL Did Well
4 Articles
4 Articles
A positive mood was visible on international markets today, and the Hungarian stock exchange was also able to take part in this. The BUX index ended trading 1.4 percent higher, and blue chips rose almost without exception. The gain was led by MOL, which closed 3.5 percent higher in parallel with rising oil prices due to the intensification of tensions with Iran, but OTP, which reported at dawn, also rose following the fresh figures.
Mol and OTP pushed the BUX up, the mood was good throughout, only Magyar Telekom broke.
The BUX strengthened on Wednesday. Three blue chips pulled the cart, but the most virulent was MOL.
Stock markets are trying to recover from the losses of the past few days with a rise on Wednesday. In Budapest, MOL and OTP are leading the rebound, while technology stocks gave a boost to the US stock markets. Despite the improving mood, expectations of a Fed interest rate hike and fears of a slowdown in artificial intelligence investments continue to pose risks.
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