BUX sustains 2.52% counter-trend decline
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.
ADVERTISEMENT
Hungary PMI 52.2 in November
India's G20 Presidency, Dawn of New Multilateralism - Narend...
Production Resumes at Ganz's Szolnok Plant
TikTok Commits to Improved Consumer Communication in Hungary
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.
