BUX loses 0.9% on waning eurozone optimism

Telco

The Budapest Stock Exchange’s blue-chip BUX index closed Wednesday trade down 0.94% to 17,209.27 on nagging doubt that Friday’s European Union summit will produce an effective solution to the euro-zone debt crisis.

The BUX lost 163.18 points on a composite exchange turnover of HUF 14.8bn, fluctuating in a 2.33% range between an intra-session high of 17,545.97 shortly after morning bell and an intra-session low of 17,137.78 at 3:15 p.m.

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

Drug company Richter lost 3.00% to HUF 33,360 on a turnover of HUF 564m;

Magyar Telekom declined 2.87% to HUF 507 on a turnover of HUF 611m;

Oil and gas company MOL lost 0.28% to HUF 17,950 on a turnover of HUF 1.68bn;

OTP Bank gained 0.24% to HUF 3,278 on an exchange-high turnover of HUF 11.63bn, or 78.6% of the BSE’s total Wednesday trade.

The BSE Big Four generated 97.8% of the exchange’s composite Wednesday turnover.

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.

Support the BBJ

Tech