BUX loses 0.4%, falling with other European indices
The Budapest Stock Exchange's main BUX index lost 0.40% to 17,386.69 on Tuesday, falling with other European indices on renewed eurozone debt fears and slower than expected Chinese growth.
OTP Bank lost 0.65% to HUF 3,380 on turnover of HUF 8.6bn or about 72% of the HUF 11.9bn session total.
Oil and gas company MOL fell 2.31% to HUF 16,900 on turnover of HUF 2.2bn.
Magyar Telekom gained 0.40% to HUF 508 on turnover of HUF 571m. The share rose after Magyar Telekom said it reached an agreement with unions to cut about 250 jobs.
Drugmaker Richter, the defensive share among the bourse's blue chips, climbed 2.22% to HUF 36,800 on turnover of HUF 396m.
The bourse's mid-cap BUMIX index edged up 0.11% to 1,393.64.
Elsewhere in the region, Warsaw's WIG 20 was down 0.38% but the Prague PX gained % 0.77%.
Western Europe's biggest indices were mixed late Tuesday. London's FTSE 100 was down 0.25% and the CAC 40 in Paris lost 0.78%, but Frankfurt's DAX was up 0.68%.
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.