BUX loses 1.41% on continued worries of euro-zone debt contagion

Telco

Budapest Stock Exchange’s blue-chip BUX index closed Monday trade down 1.41% to 16,789.81 as a warning from Moody’s that France’s AAA credit rating may be in jeopardy heightened fears of euro-zone debt contagion.

The BUX lost 240.33 points on a composite exchange turnover of HUF 11.41bn, fluctuating in a 1.57% range between an intra-session high of 17,003.80 shortly after 9:00 a.m. and an intra-session low of 16,736.05 at 10:30 a.m.

BSE blue-chips stood as follows at Monday’s closing bell:

OTP Bank lost 2.31% to HUF 2,960 on an exchange-high turnover of HUF 7.45bn;

Oil and gas company MOL declined 2.08% to HUF 17,630 on a turnover of HUF 2.14bn;

Magyar Telekom lost 0.60% to HUF 497 on a turnover of HUF 720m;

Drug company Richter declined 0.44% to HUF 35,200 on a turnover of HUF 481m.

The BSE Big Four generated 94.6% of the exchange’s composite Monday turnover.

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