ADVERTISEMENT

Budapest Stock Exchange sinks to crisis level

Music

The Budapest Stock Exchange main BUX index finished the session on Friday down 1.7% at 19,733, closing under the 20,000 mark for the first time since November 3, 2009 after a global sell-off on concerns about the European debt crisis and the US economy.

OTP Bank fell 0.4% to HUF 4,690, a recovery after opening down 6.9%. Turnover of the share was HUF 17.6 billion or about 65% of the HUF 27.2 billion session total.

Oil and gas group MOL tumbled 2.1% to HUF 18,300 on turnover of HUF 5.7 billion.

Magyar Telekom dropped 2.6% to HUF 526 on turnover of HUF 1.3 billion.

Drugmaker Richter fell 2.8% to HUF 36,090 on turnover of HUF 1.8 billion.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.