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BSE share turnover continues to fall in March

Double-counted share turnover on the Budapest Stock Exchange (BSE) was HUF 602 billion in March, down from HUF 672 billion in February, the BSE said, citing data compiled from brokers.

Share turnover accounted for 93.5% of total spot market turnover in March. Including turnover of investment fund units, compensation coupons, certificates, government securities, corporate bonds and mortgage bonds, spot market turnover was HUF 644 billion, down 9.3% from February.

Daily average turnover in the first quarter was HUF 16 billion, compared to HUF 22.2 billion in 2010.

Double-counted share turnover in the first quarter was HUF 1,950 billion, just two-thirds of its level in the first quarter of 2010, when share turnover amounted to HUF 3,006 billion.

Erste Investment generated the most turnover in March, brokering deals worth HUF 121 billion. Concorde Securities was runner-up with turnover of HUF 88 billion, followed by Wood and Company with HUF 56 billion.

On the derivatives market, deals for individual shares fell to HUF 150 billion in March from HUF 163 billion a month earlier. Turnover of BUX futures decreased to HUF 76 billion from HUF 78 billion in February and trades of forex futures declined to HUF 208 billion in March from HUF 226 billion in February.

Turnover of grain futures slipped to HUF 5.4 billion in March from HUF 7.5 billion in February.