BUX opens down 1.41%
The Budapest Stock Exchange's main BUX index opened down 1.41% at 17,209.34 on Tuesday.
OTP Bank fell 1.53% to HUF 3,350, oil and gas company MOL dropped 1.50% to HUF 17,040, drug maker Richter slipped 1.39% to HUF 35,500 and Magyar Telekom fell 0.99% to HUF 501.
Analysts interviewed by MTI said the index to remain in the red for the full session on Tuesday.
Ákos Kuti of Equilor Befektetési saw a chance for an upturn only if a boost comes from US company reports.
András Somi of KBC Securities also cited the reports, and also drew attention on a speech to be held by FED president Ben Bernanke at a Boston conference in the evening.
The BUX index closed slightly up on Monday, rising just 0.04% to 17,456.33 on turnover of HUF 16.8bn.
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.