The BUX Fell Amid Declining Turnover This Week

The Budapest Stock Exchange (BSE) share index, the BUX, fell amid declining turnover this week, closing at 99,207.79 points on Friday, down 990.77 points, or 0.99%, from a week earlier.

Weekly turnover was HUF 66.48 billion, down from HUF 101.33 billion the previous week, with all leading shares closing below last week's levels.

On Monday, the Hungarian index fell amid unfavorable international sentiment, underperforming international markets on Tuesday and Wednesday as well.

Thursday's slight decline was followed by a larger rise on Friday as Mol and OTP rebounded, with investors seeing favorable buying opportunities in leading stocks after the previous days' decline.

Equilor Investment Ltd. highlighted in its weekly summary that OTP continued to buy back its shares, purchasing 56,755 shares on Monday, 62,557 shares on Tuesday, 64,910 shares on Wednesday, and 65,937 shares on Thursday.

Mol signed agreements this week on the resumption of international crude oil exports from the Kurdistan Region of Iraq (KRI) with other international E&P companies active in the KRI, the Kurdistan Regional Government, and the Iraqi government.

The Hungarian National Bank, which supervises the capital market, accepted 4iG's mandatory purchase offer for Rába this week, but the automotive holding company's board of directors announced that it does not recommend that shareholders accept the offer.

At its meeting on Tuesday, the Monetary Council of the National Bank of Hungary left the base rate at 6.5% and, in its September inflation report, lowered its forecast for average annual inflation for the year to 4.6%, raising its forecast for next year to 3.8%. The central bank revised its growth forecast for 2025 from 0.8% to 0.6%, while its forecasts for next year and 2027 remained unchanged.

Among the leading stocks, Magyar Telekom shares saw the biggest drop this week. Its price weakened by 1.84%, closing at HUF 1,814on Friday with a weekly turnover of HUF 2.75 billion.

OTP's share price fell by 1.09%, closing at 29,090 on Friday with a weekly turnover of more than HUF 44.36 billion.

Mol lost 1.15% of its value during the week, with the share closing at HUF 2,740 on Friday, with a weekly turnover of HUF 9.78 billion.

Richter's share price fell the least during the week, closing 0.20% lower at HUF 9,770 on Friday, with weekly turnover exceeding HUF 6.73 billion.

The BUMIX index of small and medium-sized shares closed at 9,234.51 points on Friday, down 75.12 points, or 0.81%, from the previous week.