BUX Fell This Week on Rising Turnover

The Budapest Stock Exchange's (BSE) share index, the BUX, ended the week down 1.69% on last Friday, falling by 1,639.07 points to 95,426.77 points.

Total turnover rose from HUF 91.867 billion to HUF 112.652 billion on a weekly basis, with leading shares weakening.

Magyar Telekom bought own shares from the leading issuers during the week: 248,711 shares on Monday, 390,000 shares on Tuesday, 7,988,311 shares on Wednesday and 198,836 shares on Thursday. OTP received a target increase, JP Morgan raised its 12-month target price on the bank's shares from HUF 29,800 to HUF 33,500, with the recommendation remaining an overweight, Equilor Investment Plc. said in its weekly summary.

The BSE ended the week lower after Donald Trump's promise on Friday afternoon to impose a 50% tariff on goods produced in the European Union, which shook investor sentiment and weakened the forint.

OTP's share price fell 5.76% from last week's close to HUF 26,850 on weekly turnover of HUF 62.94 billion.

Magyar Telekom's share price fell 0.35% to HUF 1,730 at Friday's close, with a turnover of HUF 27.8 billion.

The price of Mol shares fell 0.58% to HUF 3,112, with weekly turnover of more than HUF 9.4 billion.

The price of Richter shares fell by 2.55% to HUF 10,310 for the week, with a turnover of more than HUF 9.67 billion.

The BUMIX index of small and medium-sized shares fell 0.67% to 8,689.78 points.