The BUX Fell This Week Amid Rising Trading Volume

The Budapest Stock Exchange (BÉT) stock index fell this week amid rising trading volume; the BUX closed at 143,453.78 points on Friday, down 1,803.56 points, or 1.24%, from the previous week.

Weekly trading volume totaled HUF 133.5 billion, up from HUF 126.9 billion the previous week, with leading stocks – with the exception of Magyar Telekom – posting declines.

In its weekly summary, Equilor Investment Ltd. reviewed the corporate reports released this week.

Mol’s third-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at USD 1,760 million, in line with the consensus estimate of USD 1,754 million and up 81% from a year earlier. The adjusted EBITDA of USD 3.683 billion for the first nine months already represents approximately 123% of the annual guidance of USD 3.0 billion, meaning Mol is performing well above its 2026 targets, the analysis noted.

According to the analysis, Magyar Telekom reported a revenue surprise and results in line with expectations. The company’s third-quarter revenue rose 7.4% to HUF 261.0 billion compared to the same period last year. Three factors drove this growth: the reversal of inflation-linked rate adjustments, expanding handset sales driven by higher volumes and average prices, and a major equipment delivery project.

Zwack Unicum is maintaining its profit target. The company’s gross revenue decreased by 3.8% to HUF 18.27 billion, while net revenue – excluding excise tax, NETA, and the DRS redemption fee – fell by 6.4% to HUF 11.11 billion. The majority of the decline was attributable to revenue from services.

Among the leading stocks this week, Magyar Telekom’s share price rose 3.64%, closing at HUF 2,902 on Friday, with weekly trading volume exceeding HUF 8.4 billion.

MOL’s share price fell 3.68% during the week; the stock closed at HUF 4,816 on Friday, with weekly trading volume totaling HUF 23.4 billion.

OTP fell 1.34% during the week; the stock closed at HUF 41,240 on Friday, with weekly trading volume exceeding HUF 88.1 billion.

Richter’s share price fell 0.62% during the week; the stock closed at HUF 12,870 on Friday, with weekly trading volume totaling HUF 11.7 billion.

The BUMIX index of small- and mid-cap stocks fell by 1.14% or 98.78 points, closing at 8,595.71 points on Friday.