Forint & Stocks Rally On EU Budget Deal
- 10 Dec 2020 8:49 AM
- Hungary Around the Clock
The benchmark BUX index surged 2.6% after a 1.2% gain on the previous day.
With these gains, the BUX was one of the best-performing bourses in Europe on the day.
OTP shares shot up 4.4% to a session high of Ft 12,840 on turnover of Ft 14.3 billion.
MOL also gained ground, adding 3.4% to its value ending the day at Ft 2,066. Magyar Telekom and Richter both edged down.
The agreement also led to a rally in the forint, which was trading above the 361 level versus the euro.
On Wednesday the currency pair was quoted at 357.
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