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8th August, 2025

Global rally lifts OTP, BUX to new highs



The BUX index closed sharply higher on Thursday, with investors buoyed by reports that Donald Trump and Vladimir Putin may soon enter peace talks.

The easing of geopolitical tension boosted global markets. The BUX index surged by 2.15% to a record 103,272 points, with above-average trading volume of Ft 27 billion.

OTP Bank led the rally, rising by 2.8% to Ft 29,970, Magyar Telekom shares gained 3.9% to Ft 1,818 following a strong earnings report, while Richter gained 0.3% and MOL edged up by 0.1%.

The global sentiment supported the forint, which strengthened 0.3% against the euro to 397.1, though it gave up earlier gains versus the dollar to close 0.1% lower at 342.

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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