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HATC SAMPLE EDITION:
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7th February, 2025
OTP rally propels BSE to historic high
The benchmark BUX index of the Budapest Stock Exchange climbed 3.33% to 86,996, a new historic high, led by investor demand for OTP shares.
This was triggered by news that US President Donald Trump plans to present a peace proposal at the upcoming Munich Security Conference, which boosted stock markets across the region.
It particularly helped Budapest, where stocks are seen by some analysts as undervalued compared to Western European and US markets.
OTP jumped by 6.2% to Ft 25,000 on heavy turnover of Ft 26.5 billion, the largest daily gain by OTP since October 2022.
Richter shares also gained in value, climbing by 2.0% to Ft 10,320.
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Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).
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