BUX: Lower Turnover, Minimal Decline This Week

The Budapest Stock Exchange (BÉT) share index, the BUX, changed little compared to last Friday's close, ending the week down 13.25 points, or 0.01%, at 107,306.66 points.

Total turnover decreased from HUF 112.213 billion to HUF 93.495 billion on a weekly basis, with leading stocks performing mixed.

In its weekly summary, Equilor Plc. highlighted the publication of third-quarter reports among the events affecting stock market trading. Mol reported favorable figures except for net profit, OTP performed in line with analysts' forecasts, while Richter's revenues fell short of expectations, they wrote.

Due to the interest accompanying the reports, the BUX closed at a historic high on Monday, along with OTP, while European stock markets mostly performed weaker. Despite the unfavorable international mood, domestic trading did not lose momentum on Tuesday, with the stock market index setting another record, but ending the following days in negative territory. Thursday's decline can be explained by Richter's report, but the pharmaceutical company's share price recovered from its slump on the last trading day of the week, causing the BUX to rise again on Friday. Based on closing prices, the market reacted favorably to Mol's report and more cautiously to OTP's report.

OTP achieved the strongest weekly gain, closing the week with a 1.18% increase to HUF 32,470 and a total turnover of HUF 58.44 billion.

Magyar Telekom strengthened by 0.91%, closing at HUF 1,780 on Friday, with weekly turnover exceeding HUF 2.6 billion.

Mol weakened by 1.35% compared to last week's closing, falling to HUF 2,920, with total turnover reaching HUF 6.252 billion.

Richter fell 5.01% to HUF 9,850 by Friday's close, with weekly turnover of HUF 11.538 billion.

The BUMIX index of small and medium-sized stocks rose 3.45%, ending the week at 10,463.27 points.