The Budapest Stock Exchange (BSE) share index, the BUX, closed Friday at a historic high of 64,580.87 points, up 1.5% or 952.74 points compared to last week's close, MTI reported this Sunday with a brief analysis of the week’s trading.
The total weekly turnover of the stock market rose from HUF 65.335 billion to HUF 65.953 billion, with the leading shares, with the exception of Mol, gaining.
The worsening of international investor sentiment at the beginning of the week caused only a minor negative correction in the BUX index, after which the index broke through the 64,000-point level and set a new historical record, Equilor Investment Plc. said in its weekly summary sent to MTI.
The momentum of the BUX did not break after the previous week's rise, trading was good on Monday and Tuesday, although international sentiment was clearly unfavorable at the time, and European stock markets were mostly weak. The BSE's good performance was due to the fact that Magyar Telekom once again outperformed the other leading shares. On Wednesday, the Hungarian stock market was already more affected by international investor sentiment, which did not improve, causing the BUX to temporarily fall, but on Thursday the stock market closed with a rise and high turnover. The last day of the week was even better, with the stock index reaching a record high and the leading shares gaining significantly on high overall turnover.
Magyar Telekom's share price rose the most this week, by HUF 34, or 4.65%. It closed the week at HUF 765, with a total turnover of HUF 5.53 billion.
Shares of Richter were worth HUF 205, 2.22% more than a week ago, closing at HUF 9,435 on Friday, with a total turnover of more than HUF 8.73 billion.
The OTP strengthened by HUF 280, or 1.65%, to HUF 17.210 this week on turnover of more than HUF 39.3 billion.
Mol remained unchanged, closing the week at HUF 2,838 with a turnover of over HUF 5.4 billion.
The BUMIX index of small and medium-sized shares rose by 94.67 points, up 1.72%, to 5,601.71 points.
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