Budapest Stock Exchange Index Up by 3.4% in April

Trading on the Budapest Stock Exchange (BSE) was more volatile in April, in line with international trends, with the BUX index rising 3.4% on the previous month to close the month at 92,196.43 points, the BSE told MTI on Monday.

It was pointed out that despite international uncertainty, April was a month of high turnover on the Hungarian stock exchange. In April, turnover on the spot stock market amounted to HUF 442.9 billion, with a daily average of HUF 22 billion.

The largest trading volume, HUF 298.5 billion, was again this month in OTP Bank shares. The credit institution was followed by the oil company Mol with HUF 44.6 billion and the pharmaceutical company Gedeon Richter with HUF 41.4 billion. Among the mid-caps, 4iG stood out, with a 9.8% price increase compared to March.

WOOD & Company again came first in the investment service provider race this month with HUF 235.2 billion, while Concorde was second with HUF 229.8 billion and Erste third with HUF 170.9 billion.

The summary noted that international capital markets were highly volatile in the first half of April, with the economic situation in the United States and the US tariff announcements having a significant impact on financial markets. Subsequently, however, a noticeable recovery took hold as markets tried to find their bearings. During this period, Asian stock markets traded more moderately, while Europe was characterised by a search for direction. Decisions on US tariff policy also had a major impact on the Budapest Stock Exchange, but trading picked up towards the end of April, the BSE statement said.