Hungarian bourse works off losses, BUX index closes just 0.1% downFriday
BUDAPEST. MAY 9. INTERFAX CENTRAL EUROPE - Stocks on the Budapest Stock
Exchange recovered from sharp losses during the day Friday to close just
a tad in the red, helped by strong performances from oil major MOL and
telecom firm Magyar Telekom.
After trading as much as 1.2% in the red during the day, the bourse's
main BUX index cut losses in the afternoon, and eventually closed just
0.08% lower at 23,119 points, its highest level of the session. Turnover
was also above recent averages, at HUF 20 bln.
MOL led gains, rising 1.4% after the company announced late Thursday it
has acquired a 35% stake in an exploration block in India. Telecom firm
Magyar Telekom added 0.5% and drug firm Egis rose 0.7%, while OTP Bank
shed 0.7% and pharmaceutical Richter tumbled 3% after posting Q1 results
which failed to impress investors.
Mid-cap stocks meanwhile were in the black, taking the BUMIX index 0.36%
higher to 2,721 points, with mortgage bank FHB rallying 5%.
BUDAPEST STOCK EXCHANGE MARKET INDICES
Current Previous Change (%) Minimum Maximum
close close
BUX 23,119.46 23,138.21 -0.08 22,858.84 23,119.46
BUMIX 2,721.75 2,711.92 0.36 2,699.14 2,721.75
*Note: The BUX index, currently comprised of 16 listed stocks, is the
official index of the Budapest Stock Exchange (BSE). The BUMIX index,
currently comprised of 20 stocks, is the BSE's mid-and small-cap index.
The makeup of the indices as well as the weighting of individual stocks
within the indices is subject to semi-annual (April 1 and October 1)
review by the BSE Council.
Both indices are calculated daily on the basis of official closing
prices, and a base value of 1000 points.
The base date for the BUX is January 2, 1991, and the base date for the
BUMIX is January 5, 2004.
TD/RV
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