BUX Index Rose on Falling Turnover This Week

The stock index of the Budapest Stock Exchange (BSE) rose this week amid falling turnover, closing at 58,669.83 points on Friday, 658.84 points, 1.14% higher than a week earlier, MTI reported Sunday morning along with a brief analysis of the week’s trading.

The weekly turnover of the stock market was HUF 36.65 billion, up from HUF 66.37 billion the previous week, with the leading shares, with the exception of Mol, gaining.

Equilor Investment Plc. said in its weekly summary sent to MTI that the BUX closed at a new historic record on Friday.

In the commentary, leading stocks were reminded that a binding letter of intent was signed between Richter and pharmaceutical company Mithra for the distribution of estetrol-containing products in China. The license agreement covers the marketing in China of estetrol-based combination contraceptive (Estelle) and estetrol-only products for the treatment of menopausal symptoms (Donesta). For both products, Richter will have exclusive marketing rights in China. The clinical trials necessary to obtain marketing authorization in China will be conducted and financed by Richter.

Mol will acquire a block of shares in the transport company Waberer's. According to the announcement, Mol has signed an agreement with Indotek Group to acquire a 15% stake in Waberer's, pending regulatory approvals. The cooperation will include mobility, sustainability and energy efficiency projects, as well as a focus on the development of alternative fuels and the expansion of a specialized filling network, Equilor said in its weekly assessment.

Among the leading stocks, Magyar Telekom rose the most this week, by 5.46%, closing at HUF 637 on Friday, with weekly turnover of HUF 2.0 billion.

OTP gained 1.62% this week, closing Friday at HUF 14,780 with a weekly turnover of over HUF 21.18 billion.

Richter rose by 1.25% this week, closing at HUF 8,930 on Friday, with a weekly turnover of HUF 6.16 billion.

Mol weakened by 0.50% this week, closing Friday at HUF 2,766, with a weekly turnover of HUF 4.0 billion.

The BUMIX index of small and medium-sized shares closed the week at 5179.12 points, up 53.97 points, or 1.05%, on the previous week.