BUX Report

The Budapest Stock Exchangeʼs main BUX index finished up 0,23% at 22,588.99 Friday after rising 0.97% Thursday. It is up 35.80% from year-end, after losing 10.40% last year. Over July, it increased 3.13%.

OTP lost 0.78% to HUF 5,745 on turnover of HUF 1.87 bln from a HUF 5.77 bln session total, three-fifths of the daily average this year. MOL won 1.20% to HUF 14,760 on turnover of HUF 2.16 bln. Magyar Telekom rose 0.50% to HUF 406 on turnover of HUF 355m. Richter added 0.58% to HUF 4,496 on turnover of HUF 2.38 bln, after a 2.05% surge on Thursday on better-than-expected second-quarter results. The bourseʼs mid-cap BUMIX went out 0.41% lower at 1,679.05.

Over the week, the BUX was up 0.92% after losing 0.47% the previous week. OTP eased 0.95% after sliding 1.36% last week. MOL improved 1.58% after falling 1.16% the preceding week. Magyar Telekom shed 0.73% after rising 2.76% last week. Richter soared 4.10% after dipping 0.16% over the previous week. The BUMIX shed 0.71% after improving by 1.10% over last week.

Elsewhere in the region, WIG 20 in Warsaw was up 1.53%, while Pragueʼs PX raked up 0.08%. Western Europeʼs major indices were all up ahead of their close on Friday, FTSE100 in London 0.40%, DAX30 in Frankfurt 0.13%, and CAC40 in Paris 0.32%.

Forint Report

The forint was trading at 307.45 to the euro late Friday on the interbank forex market, up from final quotes at 308.73 on Thursday. At 308.82 to the euro early Friday, the forint moved between 307.34 and 309.41, after an eight-day high at 306.86 late Thursday, and a two-week low at 312.66 Monday morning.

The forint traded at 278.35 to the dollar, up from 282.38 in final quotes on Thursday. On Friday, it moved between 277.26, a nearly three-week high, and 283.19, after a four-day low at 283.83 Thursday intraday, and a two-week high at 277.68 late Monday.

It was quoted at 289.51 to the Swiss franc, up from 291.50 late Thursday. Its range on Friday was 289.28 to 293.51, a five-day low in the morning, after a three-month high at 288.29 Thursday intraday. Since its crash to an all-time low at 378.49 on January 15 when the Swiss central bank scrapped its cap of 1.20 to the euro, it reached the highest at 281.07 on February 26.

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