The Budapest Stock Exchange's (BSE) share index fell on a downward trend this week, closing at 55,087.04 points on Friday, 1.35% lower than a week earlier.
The weekly turnover of the stock market was HUF 33.58 billion, down from HUF 57.78 billion the previous week, with the leading stocks, with the exception of Magyar Telekom, weakening this week.
In its weekly summary sent to MTI, Equilor Investment pointed out that Mol has announced a two-billion-euro bond program, with the oil company saying the proceeds could be used for general corporate financing purposes. It was also pointed out that the company expects positive cash flow in the recently launched waste management business only years from now, with the CEO of Mol's subsidiary MOHU saying that for the time being there is a lot of investment in the business, but that this could be a real breakout point.
Commentary indicated that Ukraine has permanently removed OTP from its list of war sponsors.
OPUS had a strong first half of the year, with operating profit up 165% and net profit up nearly 900% compared to the first half of last year, while the good performance was mainly helped by the first quarter numbers. The picture is positive in most segments, with the industrial production segment remaining strong, tourism strongly outperforming the average tourism turnover in Hungary, while the food industry also saw improved operating performance in the first half of the year, Equilor said.
Magyar Telekom gained 5.19% this week, with the stock ending trading at HUF 568 on Friday, with weekly turnover exceeding HUF 1.74 billion.
Richter weakened by 2.97% this week, closing at HUF 8,650 on Friday, with a weekly turnover of HUF 7.45 billion.
The price of Mol fell by 1.79% this week, closing at HUF 2,744 on Friday, with a weekly turnover of HUF 3.91 billion.
OTP's share price fell by 0.90% this week, closing at HUF 13,180 on Friday, with a weekly turnover of HUF 18 billion.
The BUMIX index of small and medium-sized shares closed the week at 4,873.09 points, down 30.04 points or 0.61% on the previous week.
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