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BUX buckles before end of trading

Telco

The Budapest Stock Exchangeʼs main BUX index finished down 1.39% at 23,327.94 on Monday after gaining 1.43% on Friday.

The BUX index was below the break-even point during the entire trading session. In the early morning, share prices fell, then the BUX started paring gains around midday, only to take a hit just before the end of trade and slip to an intraday low.

Major Western European stock market indexes were also low for most of the day, as data showing an unexpected fall in eurozone inflation in February weighed. However, unlike the BUX, the Western European indices gained strength ahead of the end of trading.

OTP lost 1.41% to HUF 5,950 on turnover of HUF 8.81 bln from a HUF 15.40 bln session total.

MOL was down 0.50% at HUF 13,910 on turnover of HUF 2.59 bln.

Magyar Telekom slumped 1.16% to HUF 427 on turnover of HUF 752 mln.

Richter was down 2.42% at HUF 5,074 on turnover of HUF 3.14 bln. 

The bourseʼs mid-cap BUMIX finished 0.07% higher at 1,705.65.

Elsewhere in the region, the WIG-20 in Warsaw was down 1.11% while Pragueʼs PX index lost 0.90%.

Western Europeʼs major indices were mixed ahead of the end of trading. The FTSE100 in London gained 0.06%, the CAC40 in Paris was up 0.73% but the DAX30 in Frankfurt fell by 0.36%.

Commodity prices advanced on Monday with the price of Brent growing 2.68% to USD 36.39 per barrel and the price of WTI up 2.14% at USD 33.48. 

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