BUX finishes slightly down Friday
The Budapest Stock Exchangeʼs main BUX index finished down 0.08% at 22,490.22 Friday after rising 1.00% Thursday.
Despite Standard and Poorʼs revising its outlook on Hungarian oil and gas company MOL to positive from stable and Moodyʼs Investors Service revising its outlook for Hungaryʼs banking system to stable from negative both MOLʼs and OTPʼs share price fell on Friday.
OTP was down 0.74% at HUF 5,880 on turnover of HUF 3.96 bln from a HUF 6.29 bln session total.
MOL lost 0.34% to HUF 14,700 on turnover of HUF 1.19 bln.
Magyar Telekom won 1.02% to HUF 398 on turnover of HUF 465m.
Richter advanced 0.77% to HUF 4,326 on turnover of HUF 608m.
The bourseʼs mid-cap BUMIX edged up 0.01% to 1,672.67.
Over the week, the BUX was up 1.93% after rising 0.87% the previous week.
OTP gained 2.17% during the week after adding 2.29% last week.
MOL was up 2.40% after losing 1.44% the previous week.
Magyar Telekom advanced 1.02% after falling 0.25% last week.
Richter rose 1.67% after gaining 1.99% over the previous week.
The BUMIX increased 1.20% after increasing 1.03% over last week.
Elsewhere in the region the WIG 20 in Warsaw was down 0.59%, while Pragueʼs PX lost 0.21% by late Friday.
Western Europeʼs major indices were mixed ahead of their close on Friday, FTSE100 in London was down 0.27%, DAX30 in Frankfurt lost 0.34%, but the CAC40 in Paris was up 0.12%.
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.