Report: Budapest bourse turnover reaches HUF 2.225 tln last year
Photo courtesy Budapest Stock Exchange
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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.