BSE dips into red on end-of-session sell-off
The Budapest Stock Exchange's main BUX index finished the session Thursday down 0.37% at 17,247.09, paring gains after US markets opened lower, then slipping into the red in the last minutes of trade.
OTP Bank finished down 0.91% at HUF 3,380 on trades of HUF 9.8bn or about 60% of the HUF 16.3bn session total.
Oil and gas company MOL broke even at HUF 16,900. Turnover of the share was HUF 3.7bn.
Magyar Telekom fell 2.15% to HUF 501 on turnover of HUF 862m.
Drugmaker Richter gained 1.17% to HUF 35,795 on turnover of HUF 1.6bn.
The bourse's mid-cap BUMIX index fell 0.76% to 1,387.46.
Elsewhere in the region, Warsaw's WIG 20 was down 1.69% and the Prague PX dropped 0.62%.
Western Europe's biggest indices were all lower late Thursday. London's FTSE 100 was down 1.01%, Frankfurt's DAX fell 1.63% and the CAC 40 in Paris dipped 1.65%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.