Tuesday , June 22 2021

This is not a bad week for BUX

Stock index of the Budapest Stock Exchange (BSE) steadily grew during the week, BUX closed on Friday at 39.39.39 points, at 741.76 points, which is an increase of 1.92%. Above the closing price from last week.

The weekly exchange turnover was 88.8 billion forints, after the previous week over 131.6 billion forints. With the exception of Richter, all of the top stocks strengthened, to a large extent Magyar Telekom, from 5.46%.

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

On Tuesday, OTP withdrew BUX, because its price despite the profit after Friday's report was still up on the strength of strong foundations.

Photo: VG / Vémi Zoltán

In the middle of the week, the Hungarian stock exchange, OTP and Mol, Magyar Telekom also raised the GVH decision announced on Wednesday to reconsider the merger of Digi and Invitel. Richter's exchange rate was most affected by a weak flash report last week.

On Thursday, the exchange was already tired and a slight correction resulted from the decline of OTP.

On Friday, the currency rate of the Hungarian bank again increased and increased by almost 1%. According to Equilor, another negative correction is expected in OTP, but in the short term the exchange rate may again be used to test the historical peak at USD 11,780.

The price of Magyar Telekom has been heated up by buying rumors on Thursday, but in a moderate reality, but it raised the stock price to 436 forints. After a slight correction on Friday, he still held 425 forints. Despite Mol's instability throughout the week, he continues to move in the growing trend. Richter gained strength after the fall of the week and could return to the level of Ford 5400 – they wrote.

On Wednesday, after the market closed, Rába informed.

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 profits of 2.9 million forints.

Forint weakened slightly in the first half of the week, but stopped at 323.50 and rebounded to 321.90. Compared to the dollar, the forint was most likely compensated this week, due to the weakening of the dollar on Friday, to almost 282.50.

  • Richter weakened 1.48 percent this week, Closed on Friday at 5,320 forints, with a weekly turnover of nearly 10 billion forints.
  • Mol rose 1.04 percent this week, ending trading at 3,110 forint, with a weekly turnover of almost 13.1 billion forints.
  • The OTP exchange rate rose by 3.33 percent, closing HUF 11,470 on Friday, and its weekly turnover exceeded 51.4 billion forints.
  • The price of Magyar Telekom increased by 5.46 percent, closed at 425 forints on Friday, and its weekly turnover amounted to almost 5.6 billion forints.

Index of small and medium shares, BUMIX at 387.76 closed on Friday, compared with 138.98 points for the previous week, 3.76 percent higher.

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