BUX eases to two-year low

Telco

The Budapest Stock Exchange BUX index closed Tuesday trade down 2.5% to 18.639, though recovered nearly half of early losses that dropped the blue-chip index to a nearly two-year low during the forenoon portion of the BSE's Tuesday session.

The BUX lost 474 points on a heavy composite exchange turnover of HUF 31.73 billion, fluctuating in an extraordinarily broad, 7.1% range between an intra-session high of 19,384 at 9:15 a.m. and an intraday low of 18,000.42 at 11:15 a.m., the index's lowest intraday tally since August 19, 2009.

The four blue chips stood as follows at Tuesday's closing bell:

Oil and gas company MOL tumbled 4.4% to HUF 16,900 on a turnover of HUF 7.75 billion.

Magyar Telekom fell 2,5% to HUF 502 on a turnover of HUF 2.25 billion.

OTP Bank dropped 1.5% to HUF 4,475 on a turnover of HUF 17.94 billion.

Drugmaker Richter gained 0.6% to HUF 34,500 on a turnover of HUF 2.64 billion.

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