Monday , July 26 2021

Not a bad week for BUX



The Budapest Stock Exchange (BSE) index rose steadily for a week, BUX was closed on Friday, at 39,328.39 points, at 741.76 points, up 1.92 percent above last week's closing price.

The weekly stock market turnover was 88.8 billion forints, after the previous week, more than 131.6 billion forints. Except for Richter, all leading shares rose, for most of Magyar Telekom, with 5.46 percent.

According to the analysis of the stock exchange by Equilor Investment Ltd., this week, BSE traded with a negative correction in line with the atmosphere of international investors.

On Tuesday, OTP attracted BUX, due to its price despite profit realization after Friday's report still rose on the basis of strong fundamentals.

Photo: VG / Vémi Zoltán

Back in the middle of the week, Hungarian stock exchanges, OTP and Mol, Magyar Telekom also rose to the GVH decision announced on Wednesday to reconsider the Digi and Invitel mergers. The Richter exchange rate was most affected by last week's weak flash report.

On Thursday, the exchange was flagging and a slight correction was due to a decline in OTP.

On Friday, the Hungarian bank's currency exchange rate rose again and rose almost 1%. According to Equilor, further negative correction is expected in the OTP, but in the short term the exchange rate can be used again to test historic peaks from the level of $ 11,780.

The price of Magyar Telekom has been heated by buying rumors Thursday, but in reality it is moderate, but raising the share price to 436 forints. After a slight correction on Friday, he still stands for 425 forints. Despite Mol week volatility, it continues to move in an uptrend channel. Richter gained strength after the fall of the week and was able to return to the 5400-forint level – they wrote.

On Wednesday, after the market closure, Rába reported.

The company's turnover increased by 11 percent in the third quarter, but the company achieved a quarterly loss of HUF 7 million after last year's profit of 2.9 million forints.

Forint weakened somewhat in the first half of the week, but stopped at 323.50 and rebounded to 321.90. Compared to the dollar, forint will most likely be offset this week, thanks to the weakening dollar on Friday, to almost 282.50.

  • Richter weakened this week by 1.48 percent, closed on Friday at 5320 forints, with weekly turnover approaching 10 billion forints.
  • Mole grew 1.04 percent this week, ending trading at 3110 forinton, with a weekly turnover of nearly 13.1 billion forints.
  • The OTP exchange rate grew 3.33 percent, closing on Friday at 11 470 HUF, its weekly turnover exceeded 51.4 billion forints.
  • Magyar Telekom's price grew by 5.46 percent, closed at 425 forints on Friday, and weekly turnover of almost 5.6 billion forints.

The small and medium equity index, BUMIX at 3837.76 was closed on Friday, compared with 138.98 points for the previous week, 3.76 percent higher.


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