ADVERTISEMENT

BUX plummets as global gloom pushes index to two-year low

Music

The Budapest Stock Exchange BUX index was down 5.1% at noon on Tuesday as global market-pessimism continued to weigh on blue-chip indices throughout Europe.

The BUX started afternoon trade down 979 points at 18,133 on a heavy composite exchange turnover of HUF 16.27 billion, rebounding somewhat from a nearly two-year low of 18,000.26 shortly after 11 p.m.

The four blue chips stood as follows at Tuesday noon:

Oil and gas company MOL was down 6.7% at HUF 16,500 on a turnover of HUF 3.58 billion.

Drugmaker Richter was down 6.3% at HUF 32,500 on a turnover of HUF 1.12 billion.

OTP Bank was down 4% at HUF 4,364 on an exchange-high turnover of HUF 9.87 billion.

Magyar Telekom was down 3.3% at HUF 498 on a turnover of HUF 1.04 billion.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.