BUX opens up 0.96%
The Budapest Stock Exhange's main BUX index rose 0.96% to 15,297.67 on Friday.
OTP Bank gained 1.54% to HUF 3,041, oil and gas company MOL advanced 0.35% to HUF 14,250, drug maker Richter rose 0.94% to HUF 30,550 and Magyar Telekom advanced 1.72% to HUF 474.
Analysts interviewed by MTI gave uncertain expectations for Friday's trading after Thursday's dramatic fall on the BSE. Peter Varjú of Erste Investment said he expected to see a correction based on more moderate falls on Asian bourses and on futures markets.
Zsolt Balásy of Concorde Securities said he could not see any clear signs of calming down after Thursday's "massacre": commodities are plunging, and the dollar is not weakening.
The BUX plunged 5.97% to 15,152.54 on Thursday, on turnover of HUF 17bn.
ADVERTISEMENT
Matolcsy Advocates Euro Adoption Only After 2030
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.
