Budapest Stock Exchange: BUX Slightly Up This week

The Budapest Stock Exchange (BÉT) share index rose amid growing turnover this week, with the BUX closing at 130,030.34 points on Friday, 0.93% higher than a week earlier.

Weekly turnover was HUF 152.9 billion, following HUF 139.9 billion the previous week, with the BUX closing at historic highs on Tuesday and Wednesday, while leading stocks performed mixed during the week. On Monday, unfavorable international sentiment affected trading on the BSE, with the BUX underperforming compared to Western European stock exchanges.

On Tuesday, investor sentiment turned favorable, and most leading domestic stocks closed the day on a positive note, even without any significant news. Trading on the Hungarian stock exchange remained buoyant on Wednesday, with the BUX rising 2.32% and performing well in international comparison. On Thursday, the BUX closed lower due to the unfavorable international stock market sentiment.

The Hungarian stock index ultimately closed the week with a slight increase. Equilor Investment Ltd. indicated in its weekly summary that the target price for Magyar Telekom shares had been lowered, with French-German financial services provider Oddo BHF reducing its 12-month target price from HUF 2,150 to HUF 2,090 and downgrading its recommendation from outperform to neutral.

Mol shares received a target price increase, with US financial services provider Morgan Stanley raising its 12-month target price for the oil stock from HUF 3,503 to HUF 4,107, while its recommendation remained unchanged at market weight. The commentary highlighted Zwack Unicum's stable financial performance in the first three quarters of 2025-2026. The company's gross sales revenue increased by 1% compared to the previous year, reaching HUF 34.473 billion, while after-tax profit grew by 9.3% to HUF 3.776 billion. The improvement in profitability was driven by a 6.3% increase in revenue from premium products manufactured in-house, as well as a favorable product mix and a slight strengthening of the forint against the euro, which led to a decrease in material costs.

Among the leading stocks, Richter rose the most during the week, by 6.59%, closing at HUF 11,480 on Friday, with a weekly turnover of HUF 17.6 billion. Mol's share price rose by 0.31% during the week, closing at HUF 3,942 on Friday, with weekly turnover exceeding HUF 26.9 billion.

OTP's share price fell by 0.10% during the week, closing at HUF 40,500 on Friday, with a turnover of HUF 94.6 billion. Magyar Telekom weakened by 0.80% during the week, closing at HUF 1,982 on Friday, with weekly turnover exceeding HUF 6.7 billion.

The BUMIX index of small and medium-sized shares closed at 10,172.28 points on Friday, down 45.64 points, or 0.45%, from the previous week.