BSE: Falling Prices, Fleeing Investors

The Budapest Stock Exchange (BSE) share index, the BUX, ended the week at 102,554.62 points, down 2.80% from last Friday's close. Total turnover increased from HUF 48.21 billion to HUF 91.15 billion on a weekly basis, with leading stocks weakening, the financial website penzcentrum.hu reports.

The BUX started the week with a decline due to the unfavorable international mood. Investors see less and less chance of a quick end to the war in Ukraine, as there appears to be no progress in the negotiations. The stock market index offset the decline with a rise on Tuesday, but the upturn proved to be temporary, with the rest of the week ending with declines, exceeding 1% on Friday.

In its weekly summary, Equilor Investment Ltd. highlighted among the events affecting stock market trading that the reporting period continued with the publication of the reports of 4iG, CIG Pannónia, Gránit Bank, MBH Bank, MBH Mortgage Bank, and Rába.

They added that the European Commission had granted a marketing authorization for a product for which Richter is the exclusive distributor in EU member states and several other countries. Despite this, Richter weakened the most, falling 3.93% on a weekly basis. Its share price fell to HUF 10,270 at Friday's close, with total turnover exceeding HUF 14 billion.

OTP weakened by 3.87%, closing at HUF 29,530 with a total turnover of HUF 51.25 billion.
Magyar Telekom's share price fell by 2.04%, closing at HUF 1,924 on Friday, with weekly turnover exceeding HUF 2.4 billion.
Mol weakened by 1.22% compared to last Friday, ending the week at HUF 2,914 with a turnover of HUF 19.6 billion.
The BUMIX index of small and medium-sized shares closed at 9,272.63 points, down 0.43%.