Bourse Turnover Reaches 512 Billion in May

The Budapest Stock Exchange (BSE) closed the month of May with balanced trading activity; spot stock market turnover amounted to HUF 511.6 billion, representing a daily average trading volume of HUF 26.9 billion, the BSE told MTI on Monday.

Turnover declined compared to April: in the previous month, the market picked up significantly following the April 12 parliamentary election, with monthly turnover reaching HUF 814.4 billion and a daily average of HUF 40.7 billion — the highest figure since 2007.

The BUX index closed at 134,616.81 points, reaching its highest level of the month on May 5, when the index rose to 135,935.10 points.
According to the report, the cautious investor sentiment in international markets also affected domestic stock market trading in May. Market participants focused primarily on geopolitical developments, bond market trends, and expectations regarding inflation and interest rate trajectories. In addition to energy market movements and currency market volatility, developments related to the technology sector also significantly influenced the performance of global stock markets.

On the BSE, investor activity continued to focus on the shares of OTP Bank, Mol, and Magyar Telekom. OTP Bank shares continued to attract significant interest on the Budapest Stock Exchange in May, with trading volume reaching HUF 306.9 billion. The bank was followed by Mol and Magyar Telekom, with the former closing the month with a total trading volume of HUF 64.4 billion and the latter with HUF 57.9 billion.

Among small- and mid-cap companies, Glia Nova performed the strongest, with its share price rising 37.5% during the month, the statement noted.

Among investment service providers, WOOD & Company proved to be the most active player in May as well, with a monthly turnover of HUF 330.7 billion. Concorde finished in second place with HUF 267.8 billion, while Erste took third place with a turnover of HUF 163 billion, BSE reported.