BUX slumps on diminishing hopes for outcome of EU summit


The Budapest Stock Exchange's main BUX index fell 2.66% to 17,364.63 on Wednesday, dragged down by OTP Bank and MOL, as European shares turned negative in the afternoon on diminishing expectations for the outcome of the EU debt-crisis summit.

OTP Bank lost 3.40% to HUF 3,439 on turnover of HUF 9.85bn, oil and gas company MOL dipped 4.52% to HUF 16,805 on turnover of HUF 2.27bn, drug maker Richter fell 1.90% to HUF 35,295 on turnover of HUF 0.24bn and Magyar Telekom rose 1.16% to HUF 523 on turnover of HUF 0.43bn.

Share turnover amounted to HUF 13.1bn for the session.

The bourse's mid-cap BUMIX index fell 1.00% to 1,377.42.

Major Western European share indices were all down late Wednesday, with London's FTSE falling 0.46%, Frankfurt's DAX losing 1.53% and the CAC-40 in Paris dropping 0.44%.

Elsewhere in the CEE region, Warsaw's WIG-20 fell 0.55% and Prague's PX-50 rose 0.80%.


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