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BUX pares gains on US jobs data but outperforms peers

Telco

The Budapest Stock Exchange’s main BUX index pared gains on Friday after data showed fewer than expected jobs were added to the US economy in October, finishing the session up 0.49% at 16,782.53 even as other indices in the region and Western Europe were in the red.

OTP Bank was the only blue chip to make a loss on Friday, falling 0.74% to HUF 3,226. Turnover of the share was HUF 8.0bn or about 67% of the HUF 11.5bn session total

Oil and gas company MOL climbed 1.83% to HUF 16,100 on turnover of HUF 2.3bn.

Drugmaker Richter advanced 0.31% to HUF 35,410 on turnover of HUF 187m and Magyar Telekom edged up 0.19% to HUF 520 on turnover of HUF 598m.

The bourse’s mid-cap BUMIX index rose 0.76% to 1,354.23.

Elsewhere in the region, Warsaw’s WIG 20 was down 1.67% and the Prague PX dipped 0.57%.

Western Europe’s biggest indices were all lower late Friday. London’s FTSE 100 was down 0.40%, Frankfurt’s DAX fell 2.85% and the CAC 40 in Paris slid 2.30%.

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