Are you sure?

Report: Budapest bourse turnover reaches HUF 2.225 tln last year

Turnover on the spot market of the Budapest Stock Exchange (BSE) rose 14.6% to HUF 2.225 trillion last year, the bourse said today, according to Hungarian news agency MTI.

Shares accounted for 96.1% of turnover.

Stock market capitalization increased by 33.8% to HUF 5.067 tln or 15.3% of Hungaryʼs GDP.

Average daily turnover climbed 10.3% to HUF 8.6 bln.

About 67.8% of share transactions were brokered on the BSE. OTC transactions accounted for 31.5% of the total.

The BSEʼs main BUX index bottomed out at 15,687 points and peaked at 23,964 points during the year. At year-end, the index was up 43.8% compared to its starting value in January.

The bourseʼs four blue chips continued to dominate the market in terms of turnover. OTP shares accounted for 55.3% of turnover, MOL shares for 19.3%, Richter shares for 19% and Magyar Telekom shares for 4.8%.

OTPʼs share price increased by 57.4%, Richterʼs by 55.5%, MOLʼs by 23.5% and Magyar Telekomʼs by 20.1% in 2015.

No new companies were listed on the BSE last year, while Hun Mining, TVK, Business Telecom and Danubius Hotels were delisted.

Turnover of derivatives rose 13% to HUF 2.763 tln in 2015. The number of contracts signed increased 15% to around 8.6 million.