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BUX slips on dismal US jobs data

The Budapest Stock Exchange benchmark BUX index closed Friday trade down 0.8% as weak US jobs data weighed on sentiment among BSE investors.

The BUX lost 170 points on a composite exchange turnover of HUF 11.38 billion, plunging 175 points immediately following the publication of data at 2:30 pm, Central European Time, showing that US non-farm payrolls rose by a four-and-a-half-times-less-than-expected 18,000 in June. The BUX fluctuated in a 1.9% range between an intraday high of 22,615 shortly after morning bell and a low of 22,185 shortly before 4:30 pm.

The four blue chip shares stood as follows at Friday's closing bell:

OTP Bank fell 1.6% to HUF 5,700 on a turnover of HUF 7.15 billion.

Oil and gas company MOL was down 1.3% at HUF 20,650 on a turnover of HUF 2.81 billion.

Magyar Telekom rose 0.4% to HUF 572 on a turnover of HUF 470 million.

Drugmaker Richter advanced 0.3% to HUF 37,800 on a turnover of HUF 712 million.