BUX loses 0.8% on Standard and Poor’s downgrade

Telco

The Budapest Stock Exchange’s blue-chip BUX index closed Thursday trade down 0.80% to 17,462.51, sustaining a counter-trend decline on S&P’s Wednesday-evening downgrade of Hungary’s long-term credit rating.

The BUX lost 140.48 points on a composite exchange turnover of HUF 14.46bn, fluctuating in a 1.64% range between an intra-session low of 17,180.26 shortly after morning bell and an intra-session high at the index’s closing mark of 17,462.51.

BSE blue-chips stood as follows at Thursday’s closing bell:

Drug company Richter lost 3.02% to HUF 35,000 on a turnover of HUF 846m;

Oil and gas company MOL declined 1.39% to HUF 17,750 on a turnover of HUF 2.36bn;

OTP Bank gained 0.83% to HUF 3,383 on an exchange-high turnover of HUF 10.06bn;

Magyar Telekom advanced 0.19% to HUF 522 on a turnover of HUF 688m.

The BSE Big Four generated 96.5% of the exchange’s composite Thursday turnover.

ADVERTISEMENT

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga Analysis

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.