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BUX down for a sixth day

Telco

The Budapest Stock Exchange's main BUX index finished down 0.81% at 18,005.67 Tuesday, after falling 1.11% Monday. It is down 0.92% year-to-date. The main index finished down for the sixth consecutive trading day at its lowest since December 21 last year, still in a nervous international environment grappling with the possible impacts of the Cyprus deposit tax. Scarce local news did not influence trading Tuesday, analysts said. OTP fell 1.32%, after a dive of 3.63% Monday, to HUF 4,422 on turnover of HUF 5.70 billion from a HUF 7.93 billion session total, about 20% less than its daily average over the last 52 weeks. MOL lost 1.07% to HUF 16,650 on turnover of HUF 1.06 billion. Richter dipped 0.04% to HUF 33,330 on turnover of HUF 790 million. Magyar Telekom advanced 0.50% to HUF 400 on turnover of HUF 289 million. The bourse's mid-cap BUMIX went out 1.04% lower at 988.97. Elsewhere in the region, Warsaw's WIG20 was down 1.24%, while Prague's PX shed 0.72%. Western Europe's biggest indices were all down ahead of their closing Tuesday, London's FTSE100 by 0.58%, Frankfurt's DAX30 by 1.03%, and CAC40 in Paris by 1.46%.

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