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BUX loses 0.2% as concerns of global economic slowdown weigh on sentiment

Telco

The Budapest Stock Exchange's BUX index closed Friday trade down 0.2% to 15,775.10, declining with blue-chip indices at bourses throughout Europe on concerns of slowing global economic growth.

The BUX lost 31.09 points on a composite exchange turnover of HUF 15.48bn as the publication of data showing that China's manufacturing sector contracted for a third consecutive month in September and that euro-zone annual consumer prices recorded their biggest monthly jump since October 2008 during the month dampened the outlook for the global economy. The BUX fluctuated in a 2.16% range between an intra-session high of 15,792.17 shortly after 9:00 a.m. and an intra-session low of 15,450.43 at 1:00 p.m.

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

OTP Bank lost 2.46% to HUF 3,248 on an exchange-high turnover of HUF 9.73bn;

Magyar Telekom declined 1.21% to HUF 489 on a turnover of HUF 1.38bn;

Drug company Richter advanced 1.44% to HUF 29,950on a turnover of HUF 1.59bn;

Oil and gas company MOL gained 1.36% to HUF 14,900 on a turnover of HUF 2.37bn.

The BSE Big Four generated 97.35% of the exchange's composite Friday turnover.

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