BUX falls with European peers

Telco

The Budapest Stock Exchangeʼs main BUX index finished down 0.20% at 26,845.23 on Wednesday as three of the four blue chips made losses.

The index spent almost all of the session in negative territory. 

OTP Bank edged down 0.07% to HUF 7,125 on turnover of HUF 2.8 bln from a HUF 6.2 bln session total.

Oil and gas company MOL lost 0.63% to HUF 16,490 on turnover of HUF 0.7 bln.

Drugmaker Richter fell 0.21% to HUF 5,584 on turnover of HUF 1.6 bln.

Magyar Telekom advanced 0.43% to HUF 467 on turnover of HUF 2.2 bln. Wednesday was the last day MTel shares traded with their dividend coupon, explaining the bigger than usual turnover. Shareholders earlier decided to pay HUF 15 per share on last yearʼs earnings.

The bourseʼs mid-cap BUMIX finished 0.13% lower at 1,783.94.

Elsewhere in the region, the WIG-20 in Warsaw was down 0.39% and Pragueʼs PX index lost 0.29%.

Western Europeʼs major indices were down before the end of trade. The FTSE100 in London edged down 0.05%, the DAX30 in Frankfurt fell 0.76%, and the CAC40 in Paris dropped 0.68%.

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