BUX down, but Magyar Telekom rises

Telco

The Budapest Stock Exchangeʼs main BUX index finished down 2.17% at 21,842.67 with only Magyar Telekom showing signs of strength among the four blue chips.

OTP Bank lost 3.42% to HUF 5,201 on turnover of HUF 4.49 bln, almost two thirds of the HUF 6.99 bln session total.

Oil and gas company MOL fell 1.60% to HUF 14,720 on turnover of HUF 1.00 bln.

Drugmaker Richter was down 2.53% to HUF 4,435 on turnover of just HUF 730 mln.

Magyar Telekom gained 0.47% to HUF 430 on turnover of HUF 647 mln.

The BUX underperformed compared to Western Europeʼs biggest indices. Frankfurtʼs DAX was down 1.01%, Londonʼs FTSE-100 lost 0.14% and the CAC-40 index in Paris was down 1.13% late in the day.

European stock indices dropped for a fifth straight trading session, with uncertainty about Greeceʼs future in the eurozone continuing to weigh on sentiment. Sales of German government bonds also dampened the mood of stock market investors.



   The BUX was beaten by the Prague PX index, which lost 0.80% on the day and the WIG-20 in Warsaw which was down 0.48% on Monday.

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