BUX sustains 2.52% counter-trend decline

Telco

The Budapest Stock Exchange's BUX index closed Friday trade down 2.52% to 16,289.14, sustaining a counter-trend decline as stronger-than-expected US employment data boosted the BUX's European blue-chip peers to end-of-the-week gains.

The BUX lost 421.33 points on a composite exchange turnover of HUF 12.2bn, fluctuating in a broad, 3.88% range between an intra-session high of 16,908.21 at 9:05 a.m. and an intra-session low of 16,251.34 at 1:45 p.m.

BSE blue-chips stood as follows at Friday's closing bell:

Drug company Richter lost 3.56% to HUF 32,200 on a turnover of HUF 1.07bn;

OTP Bank declined 3.55% to HUF 3,154 on an exchange-high turnover of HUF 8.61bn;

Oil and gas company MOL lost 1.92% to HUF 15,800 on a turnover of HUF 1.74bn;

Magyar Telekom declined 1.14% to HUF 519 on a turnover of HUF 517m.

The BSE Big Four generated 97.8% of the exchange's composite Friday turnover.

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