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BUX up after fall in the morning

Telco

The Budapest Stock Exchange's main BUX index finished up 0.11% at 16,191.37 Wednesday, after falling 1.47% Tuesday. It is down 2.66% from year-end, after losing 10.40% last year.Euro area malaise seeping into Hungarian data kept the Budapest parquet down in the morning after fresh local figures showed industrial and manufacturing producer price inflation slowed again on an annual basis in November from a pop-up in October after seven months of deflation, while prices continued to fall month-on-month.

In the afternoon, the BUX slowly followed a persistent upturn in European markets, but still underperformed by the end of the day.

Earlier, Hungarian job data released on Tuesday signaled the first rise in the unemployment rate in two years, adding to gloom after figures on Monday showed Hungarian manufacturing growth has ground almost to a halt in December.

OTP lost 1.37% to HUF 3,610, on turnover of HUF 4.94 bln from a HUF 7.02 bln session total, a tenth short of the daily average last year.

MOL gained 1.10% to HUF 11,485 on turnover of HUF 997 mln.

Magyar Telekom rose 0.90% to HUF 336 on turnover of HUF 114 mln.

Richter advanced 0.26% to HUF 3,429 on turnover of HUF 908 bln.

The bourse's mid-cap BUMIX went out also 0.11% higher at 1,414.58.

Elsewhere in the region, the WIG 20 in Warsaw was up 1.96%, while Prague's PX fell 0.69%. Western Europe's major indices were all up ahead of their close Wednesday, FTSE-100 in London 1.03%, DAX30 in Frankfurt 0.52%, and CAC40 in Paris 0.70%.

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