BUX loses 2.8% on negative correction
The Budapest Stock Exchange’s BUX index closed Thursday trade down 2.76% to 17,148.48 as a negative correction of significant previous gains dropped the BSE blue-chip index to its first loss of the current week.
The BUX dropped 486.20 points on a composite exchange turnover of HUF 14.2bn after rising a composite 1,180 points during the first three sessions of the week. The BUX fluctuated in a 3.07% range between an intra-session high of 17,650.72 shortly before 9:30 a.m. and an intra-session low of 17,108.91 shortly before closing bell.
BSE blue-chips stood as follows at Thursday’s closing bell:
OTP Bank lost 4.62% to HUF 3,180 on an exchange-high turnover of HUF 9.46bn;
Oil and gas company MOL declined 4.38% to HUF 17,900 on a turnover of HUF 2.69bn;
Drug company Richter lost 0.29% to HUF 33,900 on a turnover of HUF 885m;
Magyar Telekom finished flat at HUF 517 on a turnover of HUF 721m.
The BSE Big Four generated 96.9% of the exchange’s composite Thursday 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.