BUX tracks Western European peers lower


The Budapest Stock Exchangeʼs main BUX index finished down 1.09% at 25,742.85 Thursday after losing 0.84% on Wednesday.

Apart from the first few minutes of trade the BUX index was below the breakeven-mark for the whole day. Around the middle of the afternoon there were some signs of a tentative market correction but shortly after the BUX index fell even lower to an intra-day low before the end of trade.

In Western Europe stocks fell across the broad. Analysts attributed the drop to minutes from the Federal Reserveʼs last meeting showing that officials are ready to raise interest rates next month if the economic pickup stays supportive.

OTP lost 1.66% to HUF 6,687 on turnover of HUF 4.06 billion from a HUF 7.84 bln session total.

MOL was down 0.71% at HUF 15,985 on turnover of HUF 1.38 bln.

Magyar Telekom dropped 2.01% to HUF 438 on turnover of HUF 893 million.

Richter lost 0.37% to HUF 5,409 on turnover of HUF 1.36 bln.

The bourseʼs mid-cap BUMIX finished 0.59% lower at 1,762.51.

Elsewhere in the region, the WIG-20 in Warsaw was down 0.12% while Pragueʼs PX index edged down 0.02%.

Western Europeʼs major indices were down before the end of trading. The FTSE100 in London lost 1.72%, the DAX30 in Frankfurt was down by 1.32%, and the CAC40 in Paris was down by 0.71%.

International oil prices fell as the per barrel price of Brent decreased by 2.62% to $47.65 and the per barrel price of WTI lost 2.51% to $46.98.


Surplus of External Trade in Services at EUR 2.69 bln in Q3 Trade

Surplus of External Trade in Services at EUR 2.69 bln in Q3

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Automotive Industry Experiences Best Q3 on Record Automotive

Automotive Industry Experiences Best Q3 on Record

Hard Rock Hotel Opens 'Star Chalet' for Winter Season Hotels

Hard Rock Hotel Opens 'Star Chalet' for Winter Season


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.