BUX down after mixed movement

Telco

The Budapest Stock Exchangeʼs main BUX index finished down 0.41% at 25,832.37 on Monday after gaining 0.65% on Friday.

The BUX index showed mixed movement on Monday. At opening it was below the break-even mark before rising sharply in the first hour of trading. During the morning the BUX index climbed higher, but in the afternoon it again fell and finished the day lower.

Trading was also unsteady in Western European markets as miners and energy producers led a decline in stocks, while chemical companies climbed amid merger-and-acquisition speculation.

OTP gained 0.31% to HUF 6,779 on turnover of HUF 6.29 bln from a HUF 10.97 bln session total.

MOL was down 0.98% at HUF 16,250 on turnover of HUF 1.89 bln.

Magyar Telekom lost 0.45% to HUF 438 on turnover of HUF 987 mln.

Richter was down 0.87% at HUF 5,360 on turnover of HUF 1.58 bln. 

The bourseʼs mid-cap BUMIX finished 0.37% higher at 1,725.32.

Elsewhere in the region, the WIG-20 in Warsaw was down 0.48% while Pragueʼs PX index lost 0.70%.

Western Europeʼs major indices were mixed ahead of the end of trading. The FTSE100 in London lost 0.02%, the CAC40 in Paris was up 0.08% and the DAX30 in Frankfurt was down 0.12%.

International oil prices slightly rose as the per barrel price of Brent grew by 0.44% to USD 41.38 and the per barrel price of WTI increased by 0.68% to USD 41.42.

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