BUX gains 0.6% on positive US economic data
The Budapest Stock Exchange’s blue-chip BUX index closed Tuesday trade up 0.63% to 16,556 as the publication of strong US retail-sales, manufacturing and wholesale-price data overshadowed continuing pessimism with regard to the eurozone debt crisis.
The BUX gained 104.14 points on a composite exchange turnover of HUF 13.5bn, fluctuating in a 2.26% range between an intra-session low of 16,244.52 at 12:50 p.m. and an intra-session high of 16,612.07 at 4:50 p.m.
BSE blue-chips stood as follows at Tuesday’s closing bell:
OTP Bank gained 1.76% to HUF 2,885 on a heavy, exchange-high turnover of HUF 10.77bn, or just under 80% of the BSE’s total Tuesday trade;
Oil and gas company MOL advanced 0.30% to HUF 16,900 on a turnover of HUF 1.85bn after reporting before the open of markets that the company’s net income fell a lower-than-expected 60% yr/yr to HUF 36.4bn in the third quarter of 2011;
Drug company Richter declined 0.25% to HUF 36,200 on a turnover of HUF 327m.
Magyar Telekom lost 0.20% to HUF 500 on a turnover of HUF 345m.
The BSE Big Four generated 98.5% of the exchange’s composite Tuesday turnover.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.