BUX loses 1.83% in morning

The Budapest Stock Exchange's main BUX index lost 1.83% to 19,371.17 at noon on Monday.
The index opened down 2.79% in the morning in line with global trends after the United States sovereign rating was downgraded by Standard & Poor's at the weekend.
OTP Bank fell 1.86% to HUF 4,603, oil and gas company MOL dropped 1.91% to HUF 17,950, drug maker Richter lost 1.63% to HUF 35,500 and Magyar Telekom was down 1.71% at HUF 517.
Share turnover amounted to HUF 13.3 billion for the morning.
Major Western European share indices were all down, with London's FTSE losing 1.79%, Frankfurt's DAX falling 2.39% and the CAC-40 in Paris dropping 1.79%.
Elsewhere in the CEE region, Warsaw's WIG-20 lost 0.78% and Prague's PX-50 fell 2.98%.
ADVERTISEMENT
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.