Budapest Stock Exchange (BSE) announced the new composition of the BUX index effective from the 2 April 2007 until the next revision in half a year time. Four new shares were included in the BUX basket (Danubius, Econet, Pannonplast and Rába), whereas BorsodChem and Demasz were removed.
Our view: We see the news to have minor share price impact, as index member changes were already announced by the BSE, and only the exact weigths are new to the market.
Composition change of the BUX basket