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BUX falls with Western European peers

Telco

The Budapest Stock Exchangeʼs main BUX index finished down 1.23% at 26,212.15 on Wednesday.

OTP Bank lost 2.28% to HUF 6,957 on turnover of HUF 6.3 bln from a HUF 12.2 bln session total. 

Oil and gas company MOL fell 0.52% to HUF 16,235 on turnover of HUF 2.3 bln. 

Drugmaker Richter dropped 0.37% to HUF 5,355 on turnover of HUF 2.6 bln. 

Magyar Telekom closed down 1.91% at HUF 462 on turnover of HUF 1 bln. The company published its earnings report late on Tuesday. Its first-quarter net income more than quadrupled year-on-year to HUF 10.7 bln on an improved margin and one-off gains. Revenue fell 7.6% to HUF 145.1 bln, mainly because of MTelʼs exit from the retail gas business and the transfer of its corporate energy business into a joint venture. 

The bourseʼs mid-cap BUMIX edged down 0.02% to 1,780.21.  

Elsewhere in the region, the WIG-20 in Warsaw was down 1.81% while Pragueʼs PX index lost 1.09%. 

Western Europeʼs major indices were down before the end of trade. The FTSE100 in London lost 1.06%, the DAX30 in Frankfurt fell 0.77%, and the CAC40 in Paris dipped 0.95%.

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