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Rába to be removed from BUX basket in October

The shares of Hungarian vehicle and vehicle parts maker Rába will be removed from the basket of the Budapest Stock Exchange's main BUX index in October, a resolution on the composition of the bourse's indices following a biannual review shows.

No new shares will be added to the BUX basket.

From October 3, the BUX basket will contain twelve shares: insurer CIG Pannonia, energy services company E-Star, media company Est Media, drug maker Egis, lender FHB, holding company Fotex, Magyar Telekom, oil and gas company MOL, property developer Orco, OTP Bank, alternative energy company PannErgy and drug maker Gedeon Richter.

The shares of software company FreeSoft, dietary supplement maker NUTEX and chemicals company TVK will be removed from the bourse's mid-cap BUMIX index.

From October 3, the BUMIX basket will contain 14 shares: property company Appeninn, printing company Állami Nyomda, CIG Pannonia, E-Star, Est Media, Egis, FHB, Fotex, bottled gas company KEG, PannErgy, veterinary drug maker Phylaxia, Rába, IT company Synergon and spirits maker Zwack Unicum.