BUX edges into red on end-of-session sell-off

Telco

The Budapest Stock Exchangeʼs main BUX index finished the session on Monday down 0.01% at 26,869.01 on a sell-off in the final minutes of trade.

The BUX peaked at 27,013.40 for the day, close to the end of the session, before dropping sharply just under the break-even mark.

OTP Bank lost 0.21% to HUF 7,200 on turnover of HUF 0.8 bln or almost 30% of the paltry HUF 2.8 bln session total.

Oil and gas company MOL advanced 0.12% to HUF 16,670 on turnover of HUF 0.6 bln.

Drugmaker Richter edged up 0.02% to HUF 5,415 on turnover of HUF 0.6 bln.

Magyar Telekom climbed 0.21% to HUF 474 on turnover of HUF 0.6 bln. The company announced in the afternoon the launch of an employee share programme which will require the purchase of up to 1.6m treasury shares.

The bourseʼs mid-cap BUMIX index rose 0.14% to 1,791.17.

Elsewhere in the region, Warsawʼs WIG 20 was up 0.16% but the Prague PX fell 0.73%.

Western Europeʼs biggest indices were mixed before the end of trade on Monday: Londonʼs FTSE 100 was down 1.27%, but Frankfurtʼs DAX rose 1.04% and the CAC 40 in Paris advanced 0.35%.

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