BUX loses 1% on weak US economic data

Telco

The Budapest Stock Exchange’s blue-chip BUX index closed Tuesday trade down 0.95% to 18,891.07 as the publication of disappointing US manufacturing and consumer-confidence data weighed on sentiment among BSE investors.

The BUX lost 181.70 points on a composite exchange turnover of HUF 21.75bn, fluctuating in a 2.56% range between an intra-session high of 19,386.59 at 10:30 a.m. and an intra-session low at the index’s closing mark of 18,891.07.

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

Oil and gas company MOL lost 2.59% to HUF 18,800 on a turnover of HUF 3.74bn;

Magyar Telekom declined 0.93% to HUF 535 on a turnover of HUF 1.87bn;

Drug company Richter lost 0.54% to HUF 37,000 on a turnover of HUF 899m;

OTP Bank gained 0.32% to HUF 4,013 on an exchange-high turnover of HUF 14.26bn.

The BSE Big Four generated 95.5% of the exchange’s composite Tuesday turnover.

ADVERTISEMENT

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023 Analysis

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023

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.