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BUX loses 0.60% as slack US service-sector growth weighs on sentiment

The Budapest Stock Exchange's blue-chip BUX index closed Wednesday trade down 060% as the Institute of Supply Management's publication of data showing that in April the U.S. service sector grew at its slowest pace in eight months further dampened the already soggy outlook among BSE investors.

The BUX lost 141.63 points to its lowest close since April 19 at 23,653.09 on a composite exchange turnover of HUF 17 billion, fluctuating in a 1.5% range between an intra-session high of 23,847.13 at 11:15 a.m. and an intra-session low of 23,488.25 just before 4:00 p.m.

The mid-cap BUMIX index gained on Wednesday, advancing 5.97 points, or 0.31%, to 1,904.50.

BSE blue-chips stood as follows at Wednesday's closing bell: oil and gas company MOL lost 2.26% to HUF 23,750 on a turnover of HUF 4.52 billion; OTP Bank declined 0.98% to HUF 6,150 on an exchange-high turnover of HUF 9.65 billion; drug company Richter gained 1.62% to HUF 37,700 on a turnover of HUF 808 million; Magyar Telekom advanced 0.90% to HUF 560 on a turnover of HUF 1.76 billion.

The BSE Big Four generated 98.5% of the exchange's composite Wednesday turnover.

Other major central and eastern European blue-chip stock indices finished mixed on Wednesday, with Prague's PX-50 gaining 0.80% and Warsaw's WIG-20 declining 1.64%.