Bourse share turnover rises in August
Double-counted share turnover on the Budapest Stock Exchange (BSE) was HUF 847 billion in August, up 46% from July, the BSE said, citing data compiled from brokers.
Share turnover was also up yr/yr from HUF 579 billion in August 2010.
Share turnover in the first eight months, at HUF 5,256 billion, was, however, still 35% down from the corresponding period of 2010.
Share turnover accounted for 91.5% of total spot market turnover in August. Including turnover of investment fund units, compensation coupons, certificates, government securities, corporate bonds and mortgage bonds, spot market turnover was HUF 925 billion last month, up 53.5% from July.
Erste Investment generated the most turnover in August, brokering deals worth HUF 158 billion, followed by Concorde Securities with turnover of HUF 130 billion, just as in the previous month. KBC Securities took third place with turnover of HUF 74 billion.
On the derivatives market, turnover of BUX futures rose to HUF 131 billion from HUF 51 billion in July. Deals for individual share futures fell to HUF 107 billion from HUF 144 billion. Turnover in foreign currency futures rose to HUF 342 billion in August from HUF 287 billion in the previous month.
Turnover of grain futures rose to HUF 4.3 billion in August from HUF 3.9 billion in July.
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