BUX Up This Week Amid Growing Turnover

On Friday, the The Budapest Stock Exchange (BSE) share index (BUX) closed at 125,061.81 points, 2.25% higher than a week earlier and just 136 points shy of its historic high set on Thursday. Weekly turnover was HUF 124.9 billion, following HUF 108.2 billion the previous week, with leading shares strengthening, except for Richter, and OTP closing the week at another historic high.

In its weekly summary sent to MTI, Equilor Investment Ltd. highlighted that on Thursday, the BUX broke through to a new high with tremendous momentum, strengthening to 125,770 points during the day and closing at 125,197 points, its highest level to date.

The rise was led by Mol after the Hungarian oil company signed a letter of intent to purchase Gazprom Neft's 56.15% stake in the Serbian company Naftna Industrija Srbije (NIS). In addition to the Pančevo oil refinery, the transaction also covers NIS's retail network and its hydrocarbon exploration and production portfolio.

Among smaller-cap stocks, Alteo signed a purchase agreement to acquire a 100% stake in DEPO Power Plant Ltd., increasing the company's own gas-fired production capacity to 73 MW.

Among the leading stocks, Mol rose the most this week, by 6.74%, closing at HUF 3,770 on Friday, with a weekly turnover of HUF 27.0 billion.
OTP's share price rose by 2.0% during the week, closing at HUF 39,250 on Friday, a new historic high, with weekly turnover exceeding HUF 74.9 billion.
Magyar Telekom's share price rose 0.7% during the week, closing at HUF 1,934 on Friday, with a turnover of HUF 3.8 billion.
Richter's share price weakened by 0.5% during the week, closing at HUF 10,420 on Friday, with weekly turnover exceeding HUF 13.6 billion.

The BUMIX index of small and medium-sized shares closed at 10,354.87 points on Friday, down 49.63 points, or 0.48%, from the previous week.