BUX falls on global growth, eurozone debt concerns
The Budapest Stock Exchange main BUX index fell with other European markets on Thursday, hit by concerns about the global growth outlook and the eurozone debt crisis to finishing the session down 2.4% at 18,104.
OTP Bank lost 6.8% to HUF 3,980 on turnover of HUF 10.7 billion or about 65% of the HUF 16.4 billion session total. OTP is set to publish its Q2 report before markets open on Friday.
Oil and gas company MOL dropped 2.9% to HUF 16,700 on turnover of HUF 2.9 billion.
Drugmaker Richter was unchanged at HUF 35,800. Turnover of the share reached HUF 1.5 billion.
Magyar Telekom fell 0.6% to HUF 506 on turnover of HUF 754 million.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.