BUX loses 1.68% as Greek debt fears weigh on OTP Bank

Telco

The Budapest Stock Exchange's blue-chip BUX index closed Monday trade down 1.68% to 15,509.68 as the Sunday announcement from government officials in Greece that it would miss its 2011 deficit target, thus muddling the country's debt outlook, drove BSE heavyweight OTP Bank to a loss of nearly 6%.

The BUX declined 265.42 points on a light composite exchange turnover of HUF 9.01bn, fluctuating in a 1.85% range between an intra-session low of 15,378.11 at 9:30 a.m. and an intra-session high of 15,662.61 at 4:15 p.m.

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

OTP Bank lost 5.94% to HUF 3,055 on an exchange-high turnover of HUF 6.15bn;

Oil and gas company MOL declined 0.94% to HUF 14,760 on a turnover of HUF 1.69bn;

Drug company Richter gained 1.34% to HUF 30,350 on a turnover of HUF 528m;

Magyar Telekom advanced 1.02% to HUF 494 on a turnover of HUF 445m.

The BSE Big Four generated 97.8% of the exchange's composite Monday turnover.

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