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BUX sheds 1.5% on global debt worries

The Budapest Stock Exchange BUX index closed Tuesday trade down 1.5% to 20,811, falling with blue-chip indices throughout Europe on worries that the eurozone debt crisis may be spreading to Spain and Italy and that the US could lose its AAA credit rating in spite of the deal in Congress to raise the government's debt-ceiling.

The BUX lost 322 points on a composite exchange turnover of HUF 18 billion, fluctuating in a 1.3% range between an intraday low of 20,780 at 12:30 p.m. and an high of 21,045 at 4:15 p.m.

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

OTP Bank plunged 4.2% to HUF 5,031 on a turnover of HUF 14.56 billion.

Oil and gas group MOL tumbled 2.5% to HUF 19,305 on a turnover of HUF 2.09 billion.

Magyar Telekom rose 1.5% to HUF 543 on a turnover of HUF 441 million.

Drugmaker Richter advanced 0.8% to HUF 37,300 on a turnover of HUF 568 million.