BUX gains 0.08%, bucking negative European trend

Telco

The Budapest Stock Exchange's BUX index closed Wednesday trade up 0.08% to 15,612.52, posting a moderate counter-trend gain as a decline in optimism regarding an impending solution to the euro-zone debt crisis weighed on blue-chip indices throughout Europe.

The BUX gained 11.84 points on a composite exchange turnover of HUF 17.99bn, fluctuating in a 2.77% range between an intra-session low of 15,299.11 shortly after morning bell and an intra-session high of 15,723.11 at 4:15 p.m.

BSE blue-chips stood as follows at Wednesday's closing bell:

Magyar Telekom gained 0.85% to HUF 472 on a turnover of HUF 712m;

Drug company Richter advanced 0.64% to HUF 29,800 on a turnover of HUF 719m;

Oil and gas company MOL lost 0.37% to HUF 14,695 on a turnover of HUF 3.07bn;

OTP Bank declined 0.28% to HUF 3,250 on an exchange-high turnover of HUF 13.15bn, or just over 73% of the BSE's Wednesday trade.

The BSE Big Four generated 98.12% of the exchange's composite Wednesday turnover.

ADVERTISEMENT

PMI rises to 57 in June Analysis

PMI rises to 57 in June

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Tihamér Tóth appointed European Court judge Appointments

Tihamér Tóth appointed European Court judge

Budapest City Council to take out HUF 32 bln development loa... City

Budapest City Council to take out HUF 32 bln development loa...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
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.