Wednesday , October 20 2021

The Hungarian market was really rewarded this week


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The BSE stock index rose steadily over the next period, BUX closed on Friday with 38,586.63 units, an increase of 1,431.42 points, 3.85% against the closing price of the previous week of trading three weeks.

Stock market turnover exceeded HUF 131.58 billion after HUF 33.37 billion in the three-day trading session of the previous week. Top stocks rose this week. On Monday, the Hungarian stock market was excellent, the BUX index was uncontested since May, while the German DAX index and overseas markets were negative.

From the blue chips, Richter did the best. Turnover was also excellent, more than double the average turnover in recent months. On Tuesday, the BUX index fell slightly in turnover, which, according to analysts, was due to the fact that Mol grew relatively strongly over the past five to ten days and the flash report he published last Wednesday was good, so it is likely that profits will be realized by investors. On Wednesday, there was a good mood in the markets, and it was quite positive for the results of the midterm elections in the US. After opening Wednesday, the three major US stock indices had an advantage of over 1%. There was a good mood in Europe, Western European stock exchanges were able to close at about 1%, and all the blue chips on the Hungarian market have increased. On Thursday, trading began around the closing price of Wednesday and kept the day's rise, the main turnover was remarkable after the publication of the flash report by Richter and Magyar Telekom. In the case of pharmaceutical paper, expectations were well behind sales and, in particular, the result, the telecommunications company had mixed images, so these two jobs were down. On Friday, there was less liquidity, the transactions exceeded the average turnover, which, according to experts, shows that there is potential in the stock.

OTP reported third quarter results on Friday, which were more favorable than analysts' expectations. However, investors had previously saved a positive result, so the OTP exchange rate fell on Friday due to a profit. OTP gained 7.77% last week, closed Friday at 11,100 forints, its turnover exceeded 87.66 billion Forints. Mol's stock rose 2.40% this week, ending a 3078 forints transaction on Friday, with a turnover of close to 16 billion orifices.

Richter's price rose by 1.31%, closed on Friday at 5400 forints, its turnover exceeded Guilin's 15.72 billion this week.

Magyar Telekom's price rose by 3.07% this week, while the paper closed at 403 yuan on Friday, with a 2.5-billion forint turnover a week.

The small and medium-term stock index, BUMIX, closed at 3698.78 on Friday, compared with the previous week by 27.80 points, 0.76% higher.

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