BUX edges down in subdued trading


The Budapest Stock Exchangeʼs main BUX index finished down 0.29% at 27,192.03 Wednesday after gaining 0.70% on Tuesday.

The BUX index rose early morning on Wednesday but by the second hour of trading it was below the break-even mark. It continued to move sideways for the next few hours before stronger selling in the afternoon pushed it lower. A last minute surge in late trading failed to compensate for earlier losses.

In Western Europe stocks were little changed as investors assessed mixed earnings reports, while mining shares advanced helped on by rising commodity prices.

OTP lost 1.08% to HUF 7,300 on turnover of HUF 4.08 bln from a HUF 7.76 bln session total.

MOL was up 0.90% at HUF 16,875 on turnover of HUF 2.30 bln. 

Magyar Telekom was down 0.21% at HUF 469 on turnover of HUF 285m. 

Richter fell 0.45% to HUF 5,535 on turnover of HUF 1.00 bln. 

The bourseʼs mid-cap BUMIX finished 0.57% lower at 1,762.47.

Elsewhere in the region, the WIG-20 in Warsaw was down 0.06% while Pragueʼs PX index gained 0.19%.

Western Europeʼs major indices were mixed before the end of trading. The FTSE100 in London edged down 0.08%, the DAX30 in Frankfurt was up by 0.51%, and the CAC40 in Paris climbed 0.41%.

International oil prices were higher as the per barrel price of Brent increased by 0.55% to USD 44.27 and the per barrel price of WTI gained 0.19% to USD 42.55.


Freight Volume Falls 5% in Q3 Figures

Freight Volume Falls 5% in Q3

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

MOL Campus Inaugurated Office Market

MOL Campus Inaugurated

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held


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.