BUX posts 0.3% counter-trend gain
Advances from heavyweight issuers MOL and Richter propelled the Budapest Stock Exchange’s blue-chip BUX index to a counter-trend gain of 0.34% to on Wednesday.
The BUX closed 57.84 points higher on a composite exchange turnover of HUF 11.61bn, fluctuating in a 1.62% range between an intra-session low of 16,708.60 shortly after opening bell and an intra-session high at the index’s closing mark of 16,979.37.
BSE blue-chips stood as follows at Wednesday’s closing bell:
Oil and gas company MOL gained 1.06% to HUF 18,100 on a turnover of HUF 1.35bn;
Drug company Richter advanced 0.84% to HUF 34,890 on a turnover of HUF 267m;
Magyar Telekom finished flat at HUF 500 on a turnover of HUF 1.03bn;
OTP Bank lost 0.66% to HUF 3,000 on an exchange-high turnover of HUF 8.73bn, or just over 75% of the BSE’s total Wednesday trade.
The BSE Big Four generated 98% of the exchange’s composite Wednesday turnover.
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.