Monday , October 3 2022

Red can be traded in Budapest


MTI announced on Monday the MTI on the Budapest Stock Exchange (BSE).

Photo: / Szabo Daniel

Mario Kocsis, an analyst at Concorde Securities Zrt., Said: due to an unfavorable international environment, a decline in European markets is expected when trading opens, and BSE is likely to follow the international trend.

He commented on the leading actions that Mol has the best technical image, while it is expected that the OTP course will change laterally.

According to analysts, investors will watch a mid-term US Federal Reserve meeting this week the Federal Reserve (Fed).

Balint Kovacs, deputy chief analyst at Ekuilor Investment Ltd., said in a comment that trading on the Hungarian stock market could take place in a narrow range without a direct route.

He stressed that the European Banking Authority (EBA) published the results of the stress tests of European banks over a long weekend, which every bank, including OTP, jumped.

The BUX stock index was 710.49 points, it grew 1.95 percent, and closed at 37 155.21 points on Wednesday. The turnover of the stock market amounted to 18.6 billion HUF. Mol increased by 30 thousand by 1.01 percent to 3006 thousand HUF, with a turnover of 4.2 billion HUF. The price of OTP shares increased by 300 HUF, 3.00% to HUF 10,300, and their turnover amounted to 10.7 billion HUF. The exchange rate of Magyar Telekom has not changed, it reached 391 forints, the turnover was 398.8 million forints. The price of Richter paper increased by 150 forints, 2.90% to 5330 forint, and stock turnover reached 2.2 billion forint.


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