Bourse share turnover declines in February


Double-counted share turnover on the Budapest Stock Exchange was HUF 472.5 billion in February, down 38.2% from January, the BSE said, citing data compiled from brokers.

Including turnover of investment fund units, compensation coupons, certificates, government securities, corporate bonds and mortgage bonds, spot market turnover was HUF 486.7 billion, down 38.2% from January.

January-February, share turnover was HUF 1,237 billion, down 8.2% from the same period in 2011.

Erste Investment generated the most turnover in February, brokering deals worth HUF 64.4 billion, followed by Concorde Securities with HUF 62.6 billion and Wood and Company with HUF 57.6 billion.

On the derivatives market, turnover of BUX futures fell to HUF 33 billion from HUF 49 billion in January. Deals for individual shares declined to HUF 67 billion from HUF 76 billion in January, and turnover in foreign currency futures was HUF 191 billion, down from HUF 251 billion in January.

Turnover of grain futures was HUF 3.1 billion in February, up from HUF 1.49 billion in January.


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