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BUX falls on downbeat US data, losing with European peers

The Budapest Stock Exchange's main BUX index closed down 0.17% at 23,114.45 on Tuesday after opening up 0.64% in the morning.

The BUX fell along with European share indices on data showing a steeper-than-expected fall in June US factory orders, while pending home sales fell to new record low in the same month.

Drug maker Richter was the only blue chip to rise, closing up 1.76% at HUF 46,000 on turnover of HUF 2.26 billion after the company published strong earnings data and a more optimistic sales forecast.

OTP Bank lost 0.54% to HUF 5,520 on turnover of HUF 14.1 billion, oil and gas company MOL fell 1.06% to HUF 20,495 on turnover of HUF 2.18 billion and Magyar Telekom dropped 1.16% to HUF 680 on turnover of HUF 1.24 billion.

Share turnover amounted to HUF 20.6 billion for the session.

The bourse's mid-cap BUMIX index finished up 0.40% at 2,064.94.

Major Western European share indices were all down, with London's FTSE losing 0.60%, Frankfurt's DAX dropping 0.12% and the CAC-40 in Paris falling 0.21%.

Elsewhere in the CEE region, Warsaw's WIG-20 rose 0.12% and Prague's PX-50 inched down 0.05%. (MTI – Econews)