BUX loses 0.2% as concerns of global economic slowdown weigh on sentiment

Telco

The Budapest Stock Exchange's BUX index closed Friday trade down 0.2% to 15,775.10, declining with blue-chip indices at bourses throughout Europe on concerns of slowing global economic growth.

The BUX lost 31.09 points on a composite exchange turnover of HUF 15.48bn as the publication of data showing that China's manufacturing sector contracted for a third consecutive month in September and that euro-zone annual consumer prices recorded their biggest monthly jump since October 2008 during the month dampened the outlook for the global economy. The BUX fluctuated in a 2.16% range between an intra-session high of 15,792.17 shortly after 9:00 a.m. and an intra-session low of 15,450.43 at 1:00 p.m.

BSE blue-chips stood as follows at Friday's closing bell:

OTP Bank lost 2.46% to HUF 3,248 on an exchange-high turnover of HUF 9.73bn;

Magyar Telekom declined 1.21% to HUF 489 on a turnover of HUF 1.38bn;

Drug company Richter advanced 1.44% to HUF 29,950on a turnover of HUF 1.59bn;

Oil and gas company MOL gained 1.36% to HUF 14,900 on a turnover of HUF 2.37bn.

The BSE Big Four generated 97.35% of the exchange's composite Friday turnover.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months

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.