BUX at Another Peak

The Budapest Stock Exchange's share index, the BUX, closed at a historic high of 110,890.99 points on Monday, up 485.25 points or 0.44%.

The stock market turnover was HUF 10.7 billion, with leading stocks performing mixed compared to the previous day's close.

Ákos Czibere, an analyst at Equilor Investment Ltd., told MTI that on Monday, the Hungarian stock exchange slightly outperformed European stock exchanges. The mood on the US stock exchanges was positive, but the mood on the European markets was more negative.

On the Budapest Stock Exchange, the cautious rise took place amid below-average turnover. Among the leading Hungarian stocks, the rise in Mol's share price may be due to the increase in the world market price of oil.

OTP and Richter traded sideways during the day, while investors started to take profits on Magyar Telekom shares, as reflected in the decline in the company's share price, the analyst explained.

Mol rose by HUF 64, or 2.27%, to HUF 2,888, with a turnover of HUF 1.2 billion.
OTP shares rose by HUF 150, or 0.42%, to HUF 35,450, reaching an annual and historical high at the close of trading, with a turnover of HUF 7.1 billion.
Magyar Telekom's share price fell by HUF 16, or 0.88%, to HUF 1,800, with a turnover of HUF 652.9 million.
Richter shares fell by HUF 65, or 0.67%, to HUF 9,670, with a turnover of HUF 517.6 million.

The BUMIX index of small and medium-sized shares closed at 10,032.11 points on Monday, up 13.89 points, or 0.14%, from Friday's close.