BUX Index Fell This Week on Rising Turnover

The stock index of the Budapest Stock Exchange (BSE), the BUX, closed at 40,057.18 points on Friday, down 2.09% at 853.63 points compared to last week, the state news agency MTI reported on Sunday morning along with a brief analysis.

The total turnover was HUF 53.809 billion, compared to HUF 33.255 billion the previous week, with the leading shares, with the exception of OTP, weakening.

The BUX index closed Monday's trading session with a significant rise, thanks to the positive international sentiment, but the recovery proved to be temporary, ending the rest of the week in negative territory.

According to a summary by Equilor Investment Plc., from a stock market perspective, one of the most important events of the week was the adoption of the draft report on the state of the rule of law in Hungary by the European Parliament. In addition to the negative international investor sentiment, this was the main reason for the BSE's weakness. Next week's trading could be determined by the decision on EU funding, even as early as Monday's opening, they added.

OTP, the week's only rising stock, gained 0.25% to close at HUF 8,658 on Friday, with weekly turnover of nearly HUF 29.5 billion.

Mol weakened the most, by 5.06%, ending the week with a total turnover of more than HUF 10.5 billion at HUF 2,516.

Magyar Telekom shares lost 3.17% of their value compared to last Friday. The share price fell to HUF 305, with weekly turnover just over HUF 1.2 billion.

Richter fell by 1.75%, closing the last trading day of the week at HUF 7,585 with a turnover of HUF 11.2 billion.

The BUMIX index of small and medium-sized shares closed at 3,804.82 points, up 12.47 points, or 0.33%, on the previous week.