BUX falls more than 6% on worries over Chinese economy
The Budapest Stock Exchangeʼs main BUX index plunged 6.07% to 20,778.29 on Monday, falling with indices around the world on concerns over the health of Chinaʼs economy.
OTP Bank slid 6.73% to HUF 5,256. Turnover of the share came to HUF 11.9 bln or a little more than half of the HUF 22.8 bln session total.
Oil and gas company MOL dipped 6.86% to HUF 13,500 on turnover of HUF 5.8 bln.
Drugmaker Richter was down 5.63% at HUF 4,110 on turnover of HUF 3.7 bln.
Magyar Telekom fell 3.78% to HUF 382 on turnover of HUF 1.2 bln.
Elsewhere in the region, Warsawʼs WIG 20 dropped 5.66% and the Prague PX lost 4.61%.
Western Europeʼs biggest indices were all down more than 4% late Monday.
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.