BUX outperforms peers in region
The Budapest Stock Exchangeʼs main BUX index tracked the movements of big indices in Western Europe on Tuesday, but outperformed its peers in the region, finishing the session up 0.33% at 22,386.48.
OTP Bank was the only blue chip that failed to advance, losing 1.56% to HUF 5,562 on the day. Turnover of the share came to HUF 5.1 bln or a little more than half of the HUF 10.0 session total.
Oil and gas company MOL gained 1.67% to HUF 14,945 on turnover of HUF 2.1 bln.
Drugmaker Richter rose 1.16% to HUF 4,625 on turnover of HUF 1.8 bln and Magyar Telekom was up 0.95% at HUF 425 on turnover of HUF 877m.
Western Europeʼs biggest indices were all lower late on Tuesday.
Elsewhere in the region, Warsawʼs WIG 20 was down 1.16% and the Prague PX fell 0.83%.
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.