Tuesday , March 21 2023

There is not a bad week for BUX


The stock exchange index of the Budapest Stock Exchange (BSE) rose steadily during the week, BUX closed on Friday at 39,328.39 points to 741.76 points, up 1.92% compared to the closing price last week .

The weekly turnover of the stock market was 88.8 billion forints, after the previous week, more than 131.6 billion forints. With the exception of Richter, all major actions have greatly strengthened Magyar Telekom by 5.46%.

According to the stock exchange analysis at Equilor Investment Ltd. this week, the BVB was traded with a negative correction, according to the international investor's disposal.

On Tuesday, OTP pulled BUX as its price, despite gains, after the Friday report was still rising, based on 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 Digi and Invitel mergers. Richter's exchange rate was most affected by the weaker flash report last week.

On Thursday, the exchange was tired, and the slight correction was due to the drop in OTP.

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

The Magyar Telekom price was warmed up by buying rumors Thursday, but its moderate reality, but it raised the price of shares to 436 forints. After a slight correction on Friday, he still had 425 forints. Despite Mol's volatility over the week, it continues to move into a growing trend channel. Richter gained power after the fall of the week and could return to 5400 forints – they wrote.

On Wednesday, after the market was closed, Rába reported.

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

The Forint weakened slightly in the first half of the week, but stopped at 323.50 and returned to 321.90. Compared to the dollar, the forint was most likely to be offset this week due to the weakening of the dollar on Friday at nearly 282.50.

  • Richter weakened this week by 1.48%, closed Friday at 5320 forints, with a weekly turnover of nearly 10 billion forints.
  • Mol rose 1.04% this week, ending trading at 3110 forinton, with a weekly turnover of nearly 13.1 billion forints.
  • OTP's exchange rate rose by 3.33%, closing at Friday 11.470 HUF, with weekly turnover exceeding 51.4 billion forints.
  • The Magyar Telekom price rose 5.46%, closed on 425 forints on Friday, and the weekly turnover was nearly 5.6 billion forints.

Small and Medium Shares, BUMIX at 3837.76, closed on Friday, compared with 138.98 points for the previous week, by 3.76% higher.

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