BUX Falling Amid Declining Trading Volume This Week

The Budapest Stock Exchange (BSE) share index, the BUX fell amid declining turnover this week, with the index closing at 126,964.02 points on Friday, down 2.36%, or 3,066.32 points, from the previous week.

Weekly turnover was HUF 109.16 billion, down from HUF 152.96 billion the previous week, with leading stocks weakening during the week, with the exception of Richter.

Richter continued its rise from the end of the previous week and reached a new historic high of HUF 11,820 on Monday. Investor interest in the company's pharmaceutical shares increased following the favorable financial report of its US strategic partner (AbbVie).

Richter was the only leading stock to rise this week, gaining 1.92%. On Friday, the stock closed at HUF 11,700, with weekly turnover exceeding HUF 16.08 billion.

Magyar Telekom's share price fell by 0.61% during the week, closing at HUF 1,970 on Friday, with weekly turnover of HUF 5.03 billion.
OTP's share price weakened by 2.67% during the week, closing at HUF 39,420 on Friday, with weekly turnover exceeding HUF 66.07 billion.
Mol's price fell by 5.53% during the week, with the share closing at HUF 3,724 on Friday and weekly turnover amounting to HUF 15.97 billion.

The BUMIX index of small and medium-sized shares closed at 10,076.43 points on Friday, down 95.85 points, or 0.94%, from the previous week.