BSE: BUX Down, Trade Volume Up This Week

The Budapest Stock Exchange (BSE) share index, the BUX, ended the week at 121,907.53 points, down 3.66% from last Friday's close. Turnover increased from HUF 135.24 billion to HUF 219.93 billion, with leading shares weakening, except for Mol.

In its weekly summary, Equilor Investment Ltd. explained that energy prices had risen significantly worldwide due to the conflict in Iran, but the reaction of the stock markets had been subdued so far. Greater volatility is more likely if the crisis drags on, they wrote.

Among the events affecting BSE prices, they highlighted that OTP, Richter and Magyar Telekom had their target prices raised, while 4iG's subsidiary agreed on significant international and military cooperation.

OTP issued a flash report this week, with results in line with expert forecasts.

The mood on the stock market was dominated by the situation in Iran throughout the week, with the BUX closing lower on the first two days of the week. There was a temporary strengthening on Wednesday and Thursday, but trading ended with another sharp decline on Friday. Uncertain international situations usually encourage risk aversion, with investors seeking safer targets instead of stock markets.

Amon the leading stocks:
Mol rose 4.31% to HUF 3,680, with total turnover exceeding HUF 24.27 billion.
Magyar Telekom weakened by 1.39% to HUF 2,135, with a turnover of HUF 8.80 billion.
Richter fell by 3.77% compared to last Friday, with its share price dropping to HUF 11,490 and weekly turnover exceeding HUF 15.46 billion.
OTP's share price fell by 7.15%, closing the week at HUF 36,500 with a turnover of nearly HUF 26.57 billion.

The BUMIX index of small and medium-sized shares fell by 3.45% over the week, closing at 9,525.74 points on Friday.