Are you sure?

BUX opens down 0.67%

The Budapest Stock Exchange's blue-chip BUX index opened Friday trade down 0.67% at 23,513.24. BSE blue-chips stood as follows at Friday's opening bell:

Drug company Richter was down 1.04% at HUF 37,455;

Oil and gas company MOL was down 1.02% at HUF 23,255;

OTP Bank was down 0.71% at HUF 6,181;

Magyar Telekom was up 0.36% at HUF 560 after announcing before the open of markets on Friday morning that the company had posted higher-than-expected net income of HUF 15.2 billion in the first quarter.

On Thursday, the BUX closed up 0.07% to 23,670.80 on a turnover of HUF 15.13 billion.

Tamás Gerőcs of Equilor Securities commented that Magyar Telekom's publication of better-than-expected first-quarter results should provide the company's share value with a lift on Friday, adding that many Budapest Stock Exchange investors are likely to idle in a wait-and-see mode until the Friday-afternoon publication of U.S. employment data.

Zsolt Balásy of Concorde Securities remarked that the sharp overnight decline in the price of oil could weigh on MOL's share value on Friday.