Investors Dump Budapest Stock Exchange Shares, Forint Hits Record Low
- 25 Feb 2022 11:58 AM
- Hungary Around the Clock
The BUX index fell by almost 10% on Thursday, led by the 15% plunge in OTP shares, following Russia’s invasion of Ukraine.
The stock exchange deeply underperformed Western European stock markets, Portfolio observes.
Among the blue chips, OTP fell furthest, ending the day down 15%, MOL suffered a 7.2% loss and Richter a 6.8% decline, while Magyar Telekom fell by only 2.1%.
Meanwhile, the forint fell towards a historic low, reaching 370 per euro, weakening from near 360 yesterday.
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