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Bourse share turnover climbs in April

Double-counted share turnover on the Budapest Stock Exchange (BSE) was HUF 762 billion in April, up 26.6% from March, the BSE said, citing data compiled from brokers.

Share turnover accounted for 96% of total spot market turnover in April. Including turnover of investment fund units, compensation coupons, certificates, government securities, corporate bonds and mortgage bonds, spot market turnover was HUF 793 billion, up 23% from March.

Share turnover was well under the HUF 972 billion registered in April 2010. Turnover of HUF 2,712 billion in January-April was also well below the HUF 3,978 billion registered in the same period a year earlier.

Erste Investment generated the most turnover in April, brokering deals worth HUF 150 billion. Concorde Securities was runner-up with turnover of HUF 105 billion, followed by UniCredit Bank with turnover of HUF 70 billion.

On the derivatives market, deals for individual shares grew to HUF 185 billion in April from HUF 150 billion in March. Turnover of BUX futures decreased to HUF 68 billion from HUF 76 billion and turnover of forex futures declined to HUF 160 billion from HUF 208 billion.

Turnover of grain futures rose to HUF 6 billion in April from HUF 5.4 billion in March.