Tuesday , March 21 2023

There is no bad BUX week


The Budapest Stock Exchange (BSE) stock index continuously increased over the week, the BUX closed on Friday, reaching 39,328.39 points, reaching 741.76 points, which is 1.92% more than the closing price of the previous week.

The stock market weekly turnover was 88.8 billion forints, after the previous week – more than 131.6 billion forints. With the exception of Richter, all major shares, largely Magyar Telekom, were up by 5.46 percent.

According to Equilor Investment Ltd. The stock market analysis conducted this week on the GSE traded with a negative correction in line with the attitude of international investors.

On Tuesday, OTP pulled BUX as its price despite its profit profile, after the Friday's report was still high, based on strong foundations.

Photo: VG / Vémi Zoltán

At the weekend, the Hungarian stock exchange, OTP and Mol, Magyar Telekom also rose to the GVH decision, which was announced on Wednesday to review the merger of Digi and Invitel. Richter's exchange rate was most affected by the low-light flash report last week.

On Thursday, the exchange was tired and a slight correction was associated with a reduction in OTP.

On Friday, the Hungarian currency's exchange rate increased again and increased by almost 1%. According to Equilor, OTP is expected to have another negative correction, but in the short run, the exchange rate can be re-used to test the historic peak of $ 11,780.

The price of Magyar Telekom was raised when buying rumors on Thursday, but its modest reality, but it increased the stock price to 436 forint. After a bit of a correction on Friday, he still had 425 forints. Despite the volatility of Mol throughout the week, it continues to move towards a growing trend. Richter gained strength after a week's fall and could return to the 5400-forint level – they wrote.

Raba reported on Wednesday after the closure of the market.

The company's turnover in the third quarter increased by 11 percent, but after the quarter ended, the company lost HUF 7 million after last year's growth of 2.9 million forin.

Forint slightly decreased in the first week of the week, but stopped at 323.50 and recovered to 321.90. Compared to the dollar, the forint is likely to offset this week, due to the fact that the dollar's fall is almost 282.50 on Friday.

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

The small and average stock index, BUMIX 3837.76, was closed on Friday, compared to the previous week, at 138.98 points, which is 3.76 percent higher.

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