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BUX loses 1.88%, declining with European blue-chip peers on Irish debt woes

The Budapest Stock Exchange's blue-chip BUX index closed Tuesday trade down 1.88% to 21,940.67, falling with blue-chip indices throughout Europe as the prospect that Ireland may require a bailout from fellow euro-zone members to pay the country's debts dampened sentiment at the continent's bourses.

The BUX declined 421.38 points on a composite exchange turnover of HUF 23.98 billion, fluctuating in a 1.85% range between an intra-session high of 22,274.75 at 9:45 a.m. and an intra-session low of 21,863.24 shortly before 3:45 p.m.

The mid-cap BUMIX index also declined on Tuesday, losing 31.58 points, or 1.55%, to 2,003.33.

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

OTP Bank lost 5.14% to HUF 5,170 on an immense, exchange-high turnover of HUF 18.25 billion;

Drug company Richter declined 0.44% to HUF 45,250 on a turnover of HUF 578m;

Oil and natural gas company MOL lost 0.15% to HUF 19,870 on a turnover of HUF 3.57 billion;

Magyar Telekom finished flat at HUF 592 on a turnover of HUF 1.03 billion.

The BSE Big Four generated 97.7% of the exchange's composite Tuesday turnover.

Other major central and eastern European blue-chip stock indices also closed lower on
Tuesday, with Prague's PX-50 losing 0.31% to 1,143.50 and Warsaw's WIG-20 declining 1.34% to 2,682.82. (MTI – Econews)