Budapest Stock Exchange turnover falls 19% in September


Double-counted share turnover on the Budapest Stock Exchange (BSE) was HUF 689bn in September, down 19% from August, the BSE said, citing data compiled from brokers.

Share turnover was also down yr/yr from HUF 760bn in September 2010.

Share turnover in the first nine months, at HUF 5,945bn, was down 33% from the corresponding period of 2010.

Share turnover accounted for 87.4% of total spot market turnover in September. Including turnover of investment fund units, compensation coupons, certificates, government securities, corporate bonds and mortgage bonds, spot market turnover was HUF 788bn last month, down 14.8% from August.

Erste Investment generated the most turnover in September, brokering deals worth HUF 102bn, followed by Concorde Securities with turnover of HUF 97bn, just as in the previous month.

Wood & Company took third place with turnover of HUF 69bn.

On the derivatives market, turnover of BUX futures fell to HUF 64bn from HUF 131bn in August. Deals for individual share futures fell to HUF 88bn compared to HUF 107bn in the previous month. Turnover in foreign currency futures declined to HUF 319bn compared to HUF 342bn in August.

Turnover of grain futures rose to HUF 8.3bn in September from HUF 4.3bn in August.


Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.