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BUX loses 1.1% on Greek debt worries

The Budapest Stock Exchange’s BUX index closed Monday trade down 1.11% to 19,072.77, declining with blue-chip indices throughout Europe as investors worried that the European Union’s debt summit would fail to produce measures necessary to significantly relieve Greece’s debt crisis.

The BUX lost 213.38 points on a composite exchange turnover of HUF 13.41bn, fluctuating in a 1.71% range between an intra-session high of 19,173.87 at 9:50 a.m. and an intra-session low of 18,845.07 at 4:20 p.m.

BSE blue-chips stood as follows at Monday’s closing bell:

OTP Bank lost 3.03% to HUF 4,000 on an exchange-high turnover of HUF 10.46bn, or 78% of the BSE’s Monday trade;

Oil and gas company MOL lost 1.35% to HUF 19,300 on a turnover of HUF 863m;

Magyar Telekom declined 0.18% to HUF 540 on a turnover of HUF 750m;

Drug company Richter gained 1.64% to HUF 37,200 on a turnover of HUF 1.15bn.

The BSE Big Four generated 98.6% of the exchange’s composite Monday turnover.