BUX falls with European peers

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The Budapest Stock Exchangeʼs main BUX index finished down 0.70% at 25,697.58 on Wednesday after gaining 0.18% on Tuesday. The BUX index fell throughout the afternoon after spending the morning in positive territory.

OTP Bank lost 0.74% to HUF 6,740 on turnover of HUF 4.9 bln from a HUF 9.1 bln session total.

Oil and gas company MOL dropped 1.40% to HUF 16,195 on turnover of HUF 2.1 bln. MOL said its unit INA will lose revenue of about HRK 160m over the next 12 months due to the Croatian governmentʼs gas price cut.

Drugmaker Richter dipped 0.13% to HUF 5,300 on turnover of HUF 1.3 bln.

Magyar Telekom closed flat at HUF 440 on turnover of HUF 0.6 bln.

The bourseʼs mid-cap BUMIX finished 0.24% lower at 1,728.71.

Elsewhere in the region, the WIG-20 in Warsaw was down 1.39% while Pragueʼs PX index lost 1.18%.

Western Europeʼs major indices were mixed ahead of the end of trading. The FTSE100 in London lost 0.13%, Frankfurtʼs DAX edged up 0.09% and the CAC40 in Paris fell 0.50%.

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