BSE Index Down at Week's Close, Up on Last Week

The Budapest Stock Exchange's share index, the BUX, closed at 103,178.71 points on Friday, down 1,284.16 points or 1.23% from the previous day. The stock market turnover was HUF 14.1 billion, with leading shares falling compared to the previous day's close, the financial website penzcentrum.hu reports. However, compared to the previous week, the Bux is Up 624 points, or 0,6%.

Ákos Czibere, an analyst at Equilor Investment Plc., said that trading started in a positive mood on Friday morning, but then the BUX turned negative in the morning and finally closed lower, with above-average turnover. He emphasized that the mood on European stock exchanges was negative, and US stock indices also fell following the release of weaker labor market data, with investors expressing concerns about growth.

He added that there was no corporate news affecting the prices of leading Hungarian shares. The leading shares on the BSE followed the movements of international markets, and OTP's significant turnover and falling price indicate that profit-taking has begun.

Mol fell by HUF 24, or 0.82%, to HUF 2,900, with a turnover of HUF 1.3 billion.
OTP shares fell by HUF 530, or 1.73%, to HUF 30,100, with a turnover of HUF 8.4 billion.
Magyar Telekom's share price weakened by HUF 12, or 0.63%, to HUF 1,898, with a turnover of HUF 342.9 million.
Richter shares fell by HUF 160, or 1.53%, to HUF 10,270, with a turnover of HUF 2.0 billion.

The BUMIX index of small and medium-sized shares closed at 9,292.99 points on Friday, up 66.39 points, or 0.72% compared to Thursday's close.