BUX Up, Mol Down at the Stock Exchange This Week

Amid growing turnover, the Budapest Stock Exchange (BÉT) share index rose during the week, closing at 109,453.39 points on Friday, 2.05% higher than a week earlier.

Weekly turnover was HUF 135.58 billion, following HUF 88.57 billion the previous week, with leading shares strengthening, except for Mol. On Wednesday, the BUX closed at 109,827.02 points, up 1.213.46 points or 1.12%, reaching a new historic high.

In its weekly summary, Equilor Investment Ltd. highlighted that Mol has switched to a holding structure. After the transition, the oil, refining, and retail businesses will operate as independent subsidiaries, with the process expected to be completed by spring 2026.

OTP and Richter bought back their own shares this week. In Wednesday's trading, OTP purchased 64,375 of its own shares at an average price of HUF 34,206. Richter bought 30,000 of its own shares at an average price of HUF 9,765 to meet the share requirements of its share-based employee and management incentive scheme. A target price has been set for Magyar Telekom shares, with HSBC setting a 12-month target price of HUF 1,790 and a hold recommendation. Of the ten analysts covering the stock, seven currently recommend buying and three recommend holding, with a median target price of HUF 2,010, according to Equilor.

Among the leading shares this week, OTP's share price rose by 4.49%, closing at HUF 34,210 on Friday, with a weekly turnover of HUF 91.33 billion.Magyar Telekom's share price rose 2.57% during the week, closing at HUF 1,758 on Friday, with weekly turnover of HUF 4.39 billion. Richter shares rose 1.25% during the week, closing at HUF 9,735 on Friday, with weekly turnover exceeding HUF 19.54 billion. Mol's share price fell by 3.58% during the week, closing at HUF 2,910 on Friday, with weekly turnover reaching HUF 12.30 billion.

The BUMIX index of small and medium-sized shares closed at 10,403.53 points on Friday, up 143.74 points, or 1.40%, from the previous week.