Budapest Stock Exchange cracks eighty thousand points

Historic records were set on the Budapest Stock Exchange (BÉT) on three days last week. The leading index BUX climbed to the latest all-time high of 80,540.07 points before a correction to 80,165 points followed on Friday.

Meanwhile, the contract volume fell from just under 70 to under 65 billion forints week-on-week. JP Morgan issued a new target price for the OTP share of 25,000 forints; the bank’s shares are currently trading at 21,860 forints. M-Telekom has completed a five-year modernisation programme, during which all mobile base stations were modernised and the switch to the 5G network was started. In mid-December, however, the share corrected slightly to 1,284 forints after a sustained record run. Good news from the USA was rewarded with an increase of just under 1% to 10,820 forints for the pharmaceutical stock Richter. However, the strongest growth – of 3.5% – was achieved by the MOL share, whose price rose back above 2,700 forints.