BUX loses 0.31%, plunging at closing bell

Telco

The Budapest Stock Exchange's BUX index closed Tuesday trade down 0.31% to 16,489.35 as a last-minute selloff dropped the BSE blue-chip index to its fourth-consecutive loss.

The BUX dove 135 points in the final minute of trade, closing Tuesday trade down 51.39 points on a composite exchange turnover of HUF 24.92 billion. The BUX fluctuated in a 4.3% range between an intra-session low of 16,172.35 at 10:15 a.m. and an intra-session high of 16,869.38 at around 4:00 p.m.

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

OTP Bank lost 2.73% to HUF 3,638 on an exchange-high turnover of HUF 18.78 billion, incurring some the BSE's losses from Monday, when trade on the bank's shares were suspended for the entire session pending Prime Minister Viktor Orban's announcement of details regarding a plan allowing Hungarians with foreign-currency-denominated mortgages to pay back their loans in a single installment at a fixed exchange rate;

Magyar Telekom declined 1.23% to HUF 482 on a turnover of HUF 604m;

Oil and gas company MOL gained 1.63% to HUF 14,660 on a turnover of HUF 4.34 billion;

Drug company Richter advanced 0.98% to HUF 32,820 on a turnover of HUF 724m.

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