BUX falls on global growth, eurozone debt concerns

Telco

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.

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