BUX opens down 0.4%
The Budapest Stock Exchange’s blue-chip BUX index opened Friday trade down 0.36% at 17,307.
BSE blue-chips stood as follows at Friday’s opening bell:
Oil and gas company MOL was down 1.30% at HUF 18,160;
Magyar Telekom was down 0.40% at HUF 504;
Drug company Richter was down 0.36% at HUF 36,000;
OTP Bank was up 0.81% at HUF 3,120 after reporting before the open of markets that its third-quarter after-tax profit rose a better-than-expected 14% yr/yr to HUF 35.2bn.
On Thursday, the BUX closed up 3.83% to 17,370.26 on a turnover of 20.06bn on news that Hungary’s government was in talks with the International Monetary Fund regarding taking out insurance that would boost investor confidence in the country without increasing state debt.
ADVERTISEMENT
Pick Szeged Sales Climb Over HUF 80 bln in 2022
Parl't Approves Amendments to Legislation on Judiciary
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.
