The stock index of the Budapest Stock Exchange (BSE), the BUX, fell 2.12% this week compared to last Friday’s close, MTI reports.
Total trading volume for the week fell by HUF several billion to HUF 114.1 billion, down from HUF 120.6 billion the previous week.
The BUX started the week weakly, closing in the red on the first three trading days.
On Thursday, it recouped part of the losses from the beginning of the week, then ended the week with a slight decline on Friday.
The doubled extra profit tax pushed OTP into the red in Hungary, despite growth in its loan portfolio.
In its weekly stock market summary, Equilor Investment Ltd. highlighted that three blue-chip companies—Magyar Telekom, OTP, and Richter—published their first-quarter results this week.
Regarding leading stocks, target price hikes were announced for Mol shares this week; UBS raised its 12-month target price from HUF 4,500 to HUF 5,100 and upgraded its recommendation from hold to buy. Oddo BHF raised its target price from HUF 3,100 to HUF 3,600, maintaining its “underweight” recommendation.
Magyar Telekom posted the strongest gain of the week, rising 2.78% to close at HUF 2,510, with a trading volume of HUF 9.48 billion.
Richter ended the week down 0.55% (or HUF 70) at HUF 12,590, a decline of HUF 70, with weekly trading volume of HUF 10.57 billion.












