BUX Increased by Over 1% on Short Trading Week

The Budapest Stock Exchange (BSE) share index rose over the past three working days, with the BUX closing at 104,182.83 points on Wednesday, up 1,214.16 points or 1.18% compared to the previous Friday.

Weekly turnover reached HUF 56.86 billion in three days, compared to HUF 75.29 billion in the previous week, with leading shares rising. In its weekly summary, Equilor Investment Ltd. highlighted that, as expected, the Monetary Council kept the central bank's base rate at 6.5% at its meeting on Tuesday.

In the Council's view, the risks surrounding the inflationary environment and trade and geopolitical tensions continue to call for a cautious and patient monetary policy. Mol announced on Friday that it will convene an extraordinary general meeting on November 27 to decide on the group's new holding company structure.

Under the new structure, Mol Plc. will remain the holding company responsible for strategic management, financing, and control, while the individual business segments — upstream, downstream, and retail — will continue to operate as independent companies wholly owned by Mol. The transformation will not affect the economic or voting rights of shareholders. On Monday night, a fire broke out in the AV3 distillation plant of Mol's Danube Refinery in Százhalombatta. The fire was extinguished and no injuries were reported.

The company announced that Hungary's fuel supply remains secure following the fire. On Monday, global capital markets rose on the back of favorable investor sentiment, and with them the Budapest Stock Exchange. There was no company-specific news, but 4iG shares continued their sharp rise on Monday after last week's rally, with outstanding turnover of nearly HUF 5 billion.

On Tuesday, the mood on European stock exchanges was mixed, with no major price changes and investors generally uncertain. The BUX closed in negative territory, with leading domestic stocks weakening, except for OTP, while Mol's decline was due to a fire at the company's refinery in Százhalombatta. On Wednesday, the BUX offset Tuesday's decline and rose. While stock indices fell in Europe and America, the Hungarian stock market's performance diverged from the international mood, outperforming foreign stock exchanges with its rise.

Among the leading stocks this week, OTP's share price rose by 1.78%, closing at HUF 30,870 on Wednesday, with weekly turnover exceeding HUF 26.5 billion.
Richter's share price rose by 0.68% during the week, closing at HUF 10,430 on Wednesday, with weekly turnover amounting to HUF 4.26 billion.
Mol's share price rose by 0.44% during the week, with the oil industry share closing at HUF 2,756 on Wednesday and weekly turnover reaching HUF 3.12 billion.
Magyar Telekom's share price rose 0.56% during the week, closing at HUF 1,796 on Wednesday, with weekly turnover reaching HUF 1.74 billion.

The BUMIX index of small and medium-sized shares closed at 9,941.28 points on Wednesday, up 86.70 points, or 0.88%, from the previous week.