Trump’s tariff announcement results in Budapest stock exchange index fall
The Budapest Stock Exchange’s main BUX index was down 1.92pc at 88,004.33 about 15 minutes after the opening bell on Thursday, falling with other equities indices after the announcement of United States tariffs.
OTP dropped 2.71pc to HUF 24,420. The lender’s board announced a proposal to pay a HUF 964-per-share dividend on 2024 earnings ahead of the start of trade. Oil and gas company MOL fell 1.44pc to HUF 3,018 and pharma share Richter slipped 1.06pc to HUF 10,300.
Magyar Telekom dipped 2.04pc to HUF 1,540. The BUX finished the session on Wednesday down 0.19pc. Turnover reached HUF 15.5bn.
BUX falls with peers as US tariffs weigh
The Budapest Stock Exchange’s main BUX index finished Thursday down 2.79pc at 87,225.64, dropping with other equities indices after the announcement of United States tariffs. OTP Bank dropped 5.14pc to HUF 23,810. Turnover of the share reached HUF 19.0bn from a HUF 29.3bn session total.
Oil and gas company MOL fell 1.83pc to HUF 3,006 on turnover of HUF 3.3bn. Pharma share Richter edged up 0.10pc to HUF 10,420 on turnover of HUF 2.0bn. Magyar Telekom lost 2.04pc to HUF 1,540 on turnover of HUF 4.2bn.
The bourse’s mid-cap BUMIX index slipped 0.68pc to 8,687.44. Elsewhere in the region, Warsaw’s WIG 20 fell 4.08pc and the Prague PX lost 1.98pc. In Western Europe, London’s FTSE 100 was down 1.51pc ahead of the end of trade, Frankfurt’s DAX dropped 2.82pc and the CAC 40 in Paris lost 3.19pc.
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