BUX falls along with European peers
The Budapest Stock Exchangeʼs main BUX index fell 0.69% to 23,395.73 on Wednesday after losing 2.36% on Tuesday.
Despite early gains, the index spent most of the session in negative territory and all four blue-chips finished lower.
OTP Bank lost 0.18% to HUF 5,989 on turnover of HUF 4.67 bln from a HUF 7.48 bln session total.
Oil and gas company MOL was down 0.52% at HUF 13,510 on turnover of HUF 0.98 bln.
Magyar Telekom dipped 0.25% to HUF 395 on turnover of HUF 0.28 bln.
Drugmaker Richterʼs share price dropped 1.57% to HUF 5,385 on turnover of HUF 1.50 bln.
The bourseʼs mid-cap BUMIX finished 0.47% lower at 1,647.65.
Elsewhere in the region, the WIG-20 in Warsaw was up 0.43% while Pragueʼs PX index lost 1.72%.
Western Europeʼs major indices were down ahead of the end of trading. The FTSE100 in London lost 0.80%, the DAX30 in Frankfurt fell 0.96%, and the CAC40 in Paris dropped 0.82%.
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.