BUX slides in late trade
The Budapest Stock Exchange blue-chip BUX index closed Wednesday trade down 0.7% to 18,001, slumping to its first loss of the week.
The BUX dropped 133 points on a light composite exchange turnover of HUF 8.42 billion, as a loss of over 300 points in the last half hour of the BSE's Wednesday session erased gains stemming from the publication of stronger-than-expected US July durable-orders data at 2:30 p.m., Central European Time.
The BUX fluctuated in a 1.9% range between an intraday high of 18,351 shortly after morning bell and a low of 18,001 at the index's closing mark.
The four blue chip stocks stood as follows at Wednesday's closing bell:
Oil and gas group MOL fell 2% to HUF 16,850 on a turnover of HUF 1.98 billion.
Drugmaker Richter dropped 1.26% to HUF 34,560 on a turnover of HUF 414 million.
OTP Bank finished unchanged at HUF 4,000 on an exchange-high turnover of HUF 5.68 billion.
Magyar Telekom advanced 0.4% to HUF 502 on a light turnover of HUF 115 million.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.