The stock index of the Budapest Stock Exchange (BSE), the BUX, ended the week at 51,696.55 points, up 2.62% or 1,317.90 points.
Turnover rose from last week’s HUF 39.274 billion to HUF 63.381 billion. The rise was also significant because the BSE had one fewer trading day due to the national holiday. The leading shares had a mixed performance this week.
The BUX started the week lower, but still remained above 50,000 points. The next two days saw heavy turnover, with the stock index breaking its record twice in a row. The Hungarian stock market performed well compared to Western stock markets, but also compared to the same period in previous years, as it did not break any highs in August, neither last year nor the year before.
Equilor Investment Ltd's analyst Bence Józsa also highlighted the stock market record among the week's events. According to him, the better-than-expected GDP data also contributed to the BSE's soaring. The expert explained the BSE's decline on Thursday not by domestic reasons, but by the fact that international investor sentiment turned bad. At the same time, turnover remained high on the last day of the trading week, almost one and a half times the usual level.
The biggest gain this week, of 6.35%, was achieved by OTP, which closed at HUF 17,740, with a turnover of HUF 39,143.
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