BUX closes at 144,484.17 points after 2.12% drop

The BUX ended Thursday's trading session at 144,484.17 points, a decline of 3,123.28 points or 2.12 percent from the Budapest Stock Exchange's close on Wednesday, November 4. The move was reported by Penzcentrum, citing Equilor Investment analyst Peter Aradvanyi. The BUX is the Budapest Stock Exchange's blue-chip share index, calculated in Hungarian forint, according to the Budapest Stock Exchange.

International sentiment turns negative

According to Privatbankar, Equilor said market sentiment worsened after US markets opened and European indices also moved lower. Investors turned away from emerging markets, although the decline in Europe was described as less severe than the move overseas. The report provides context for the BUX's late-session weakness but does not establish a direct cause-and-effect relationship.

OTP leads blue-chip declines

OTP was the weakest of the leading shares, falling 3.42 percent to 41,200 forints. MOL declined 2.31 percent to 4,982 forints, while Magyar Telekom lost 1.71 percent to 2,870 forints. Richter rose 0.54 percent to 12,970 forints and was the only leading stock to finish higher, according to the same report.

MOL did not respond positively to news that MOL Nyrt. and MOL Serbia Investment had received approval from the US Treasury's Office of Foreign Assets Control for preparatory transactions related to the planned acquisition of Serbia's Naftna Industrija Srbije. Equilor said the market may also have been waiting for MOL's earnings report, due early Friday. Investors can follow further BUX coverage on the BUX topic page.