BUX falls 1.32% on sharp OTP loss
The Budapest Stock Exchange's main BUX index lost 1.32% to 16,115.36 on Wednesday as OTP Bank shares dropped a sharp 6.80% to HUF 3,360 on turnover of HUF 8.5bn.
Oil and gas company MOL rose 1.03% to HUF 14,700 on turnover of HUF 3.8bn, drug maker Richter advanced 1.23% to HUF 32,600 on turnover of HUF 0.7bn and Magyar Telekom fell 0.21% to HUF 480 on turnover of HUF 0.9bn.
Share turnover amounted to HUF 14.3bn for the session.
The bourse's mid-cap BUMIX index fell 0.73% to 1,370.38.
Major Western European share indices were mixed, with London's FTSE rising 1.40%, Frankfurt's DAX falling 2.61% and the CAC-40 in Paris losing 1.42%.
Elsewhere in the CEE region, Warsaw's WIG-20 rose 0.33% and Prague's PX-50 advanced 2.40%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.