The Budapest Stock Exchange closed the week on an upswing, with the BUX index ending trading on Friday at 145,257.34 points. This represents a gain of 3,208.75 points, or 2.26%, compared to the previous week’s closing value. Trading volume also picked up, with investors executing trades totaling HUF 126.98 billion, compared to HUF 104.67 billion the previous week.
Among the leading stocks, all saw their prices rise except for Richter. Magyar Telekom performed the best, but OTP and Mol shares also closed the week with significant gains. Among the leading stocks, Magyar Telekom posted the largest weekly gain. The telecommunications company’s shares rose 4.24% and closed at HUF 2,800 on Friday. Weekly trading volume totaled HUF 6.6 billion.
OTP’s share price rose by 3.59%, with the bank’s stock closing at HUF 41,800 on Friday. Trading in the stock totaled HUF 67.6 billion, meaning it remained the most actively traded stock on the Hungarian stock exchange.
Mol also had a good week. The oil company’s shares rose 3.73%, closing at HUF 5,000 on Friday. Weekly trading volume exceeded HUF 29.5 billion.
In contrast, Richter’s shares lost 1.67% of their value. The pharmaceutical manufacturer’s stock closed at HUF 12,950, with weekly trading volume exceeding HUF 21.7 billion.
The BUMIX, which tracks the performance of small- and mid-cap stocks, ended the week down 0.30%, closing at 8,694.49 points on Friday.
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