BUX sheds 1.5% on global debt worries
The Budapest Stock Exchange BUX index closed Tuesday trade down 1.5% to 20,811, falling with blue-chip indices throughout Europe on worries that the eurozone debt crisis may be spreading to Spain and Italy and that the US could lose its AAA credit rating in spite of the deal in Congress to raise the government's debt-ceiling.
The BUX lost 322 points on a composite exchange turnover of HUF 18 billion, fluctuating in a 1.3% range between an intraday low of 20,780 at 12:30 p.m. and an high of 21,045 at 4:15 p.m.
The four BSE blue-chips stood as follows at Tuesday's closing bell:
OTP Bank plunged 4.2% to HUF 5,031 on a turnover of HUF 14.56 billion.
Oil and gas group MOL tumbled 2.5% to HUF 19,305 on a turnover of HUF 2.09 billion.
Magyar Telekom rose 1.5% to HUF 543 on a turnover of HUF 441 million.
Drugmaker Richter advanced 0.8% to HUF 37,300 on a turnover of HUF 568 million.
ADVERTISEMENT
IWG Opens New Regus Center in Biatorbágy
Parliament Negates Mandatory Membership in MOK
MNB Grants License to Local iBanFirst Fintech Branch
Meet the Expat CEO of the Year Nominees
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.
.jpeg)
