Hungarian stock market slides as BUX index drops 1%

On Thursday the Budapest Stock Exchange's BUX index closed at 1,522.77 points, down 1.03% from the previous close, with a trading volume of 19.8 billion forints.

Analysts said the market moved opposite to international trends. Most leading shares fell: OTP Bank slipped 1.82% to 45,900 forints after its earnings release, Magyar Telekom fell 3.3% to 2,698 forints, and Richter shares dropped 0.25% to 12,080 forints. Mol gained 0.69% to 4,640 forints, buoyed by expectations of higher oil prices and the rebuilding of its Százhalombatta refinery.