Budapest Stock Exchange: BUX at Another Historic High

The Budapest Stock Exchange (BÉT) share index rose amid growing turnover this week, with the BUX closing at a historic high of 107,319.91 points on Friday, up 3,137.08 points, or 3.01%, from the previous week's three-day trading.

Weekly turnover amounted to HUF 112.21 billion, compared to HUF 56.86 billion in the previous week's three days of trading, with leading shares performing mixed.

In its weekly summary, Equilor Investment Ltd. highlighted that the Mol Group announced that it would transform into a holding company. The company has convened an extraordinary general meeting for November 27, where a decision will be made on the group's new holding company structure. According to the company, the aim of the transformation is to create a flexible, future-proof, resilient legal structure in the long term that reduces or eliminates factors limiting operations and supports the implementation of the Shape Tomorrow 2030 strategy.

Among the leading shares this week, Mol's share price rose by 7.4%, closing at HUF 2,960 on Friday, with weekly turnover exceeding HUF 13.5 billion. OTP's share price rose 3.95% during the week, closing at a historic high of HUF 32,090 on Friday, with weekly turnover exceeding HUF 73.1 billion.

Richter's share price fell by 0.58% during the week, with the company's shares closing at HUF 10,370 on Friday and weekly turnover amounting to HUF 7.05 billion. Magyar Telekom's share price fell by 1.78% during the week, closing at HUF 1,764 on Friday, with weekly turnover reaching HUF 2.77 billion.

The BUMIX index of small and medium-sized shares closed at 10,114.81 points on Friday, up 173.53 points, or 1.75%, from the previous week.