BUX Remained Virtually Unchanged This Week

The Budapest Stock Exchange (BÉT) share index, the BUX, barely changed this week compared to last Friday’s close: it fell by 0.06%, or 84.26 points, to close the week’s final trading day at 133,787.99 points.

Total trading volume fell from HUF 142.41 billion to HUF 96.26 billion on a weekly basis, but due to the public holiday on Friday, there was one fewer trading day on the BSE this week.

The BUX declined in the first half of the week and only managed to turn slightly higher on Wednesday. No clear trends were evident in trading, and on Thursday the stock index largely just offset its earlier weakness.

Equilor Investment Ltd. highlighted among the events influencing stock market trading that MBH Bank will not pay a dividend because it may need the funds for lending once the delayed EU funds arrive. Richter postponed its foundation dividend payments until September 11; the decision does not affect other shareholders. Mol received another favorable ruling in the INA case, as the federal court in Washington deemed enforceable the arbitration award that had previously ordered the Croatian party to pay approximately USD 183 million, plus interest and costs, for violating the Energy Charter Treaty.

Of the major stocks, Mol posted the biggest gain of the week, rising 0.88% to HUF 4,136, with total trading volume exceeding HUF 8.91 billion.

Richter rose 0.54% to close the week at HUF 13,070, with weekly trading volume of HUF 11.60 billion.

OTP’s share price barely changed: it fell 0.02% to close at HUF 41,600, with weekly trading volume exceeding HUF 67.13 billion.

Magyar Telekom fell 1.44% to HUF 2,456 since last Friday’s close, with total trading volume exceeding HUF 4.28 billion.

The BUMIX index, which tracks small and mid-cap stocks, closed the four-day week 1.20% lower at 9,133.99 points.