BUX drops 2.8% on weak German growth
The Budapest Stock Exchange main BUX index finished the session on Tuesday down 2.8% at 18,322, dropping on a bigger than expected slowdown of economic growth in Germany, Hungary's biggest export market.
Data published early Tuesday showed Germany's GDP growth slowed to 0.1% in Q2 from 1.3% in Q1.
OTP Bank lost 3.5% to HUF 4,300 on turnover of HUF 11 billion or two-thirds of the HUF 16.5 billion session total.
Oil and gas group MOL plunged 3.7% to HUF 16,850 on turnover of HUF 4.1 billion.
Magyar Telekom dropped 1.2% to HUF 504 on turnover of HUF 77 million.
Drugmaker Richter fell 2% to HUF 34,000 on turnover of HUF 436 million.
ADVERTISEMENT
Budapest Stock Exchange Profit Climbs 51% in Q1-Q3
Hungarian-American Business Chamber Established in Chicago
Number of Registered Jobseekers Down 3% in November
Mulled Version of Belle-Vue Kriek Makes Debut at Advent Fair
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.
