BUX falls behind Western European peers

Telco

The Budapest Stock Exchangeʼs main BUX index was down 0.22% at 26,325.60 Thursday after gaining 0.60% on Wednesday.

The BUX index rose in early trade and was above the break-even mark for the first half of the day but in the afternoon share prices began weakening. In the last two hours of trade the BUX index was down and although it was close to the break-even mark it still finished the day lower.

In Western European markets share prices rose as turbulence among traders subsided further, but the fallout from Brexit is still affecting the markets and investors are wary.

OTP was down 1.67% at HUF 6,350 on turnover of HUF 5.74 bln from a HUF 13.69 bln session total.

MOL was down 0.54% at HUF 16,445 on turnover of HUF 2.29 bln. 

Magyar Telekom rose 0.22% to HUF 446 on turnover of HUF 590m. 

Richter gained 1.80% to HUF 5,650 on turnover of HUF 4.79 bln.

The bourseʼs mid-cap BUMIX finished 0.48% higher at 1,683.18.

Elsewhere in the region, the WIG-20 in Warsaw lost 0.31% while Pragueʼs PX index was up 1.08%.

Western Europeʼs major indices were up before the end of trading. The FTSE100 in London gained 1.46%, the DAX30 in Frankfurt was up by 0.44%, and the CAC40 in Paris climbed 0.76%.

International oil prices fell as the per barrel price of Brent decreased by 2.10% to USD 50.24 and the per barrel price of WTI was down 1.98% at USD 48.89.

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