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BSE share turnover falls 12% in August

Share turnover on the Budapest Stock Exchange (BSE) was 718 billion in August, down 12% from July, the BSE said, citing double-counting data compiled from brokers.

Double-counted share turnover was HUF 8,119 billion in January-August, up almost 20% from the same period one year earlier.

The BSE's main BUX index closed at 22,561.54 on August 31, rising 296 points or 1.3% from the last day of July.

Total spot market turnover – including investment units, compensation coupons, certificates, government securities, corporate bonds and mortgage bonds, in addition to shares – was HUF 812 billion, also down 8.9% from one month earlier.

Erste Investment did most of the business on the bourse in August, brokering trades of HUF 158 billion. Concorde Securities took second place with trades of HUF 112 billion, followed by Polish trader Ipopema Securities with trades of HUF 53 billion. KBC Securities, which took third place in July, slipped to the fourth place, generating turnover of almost HUF 50 billion. UniCredit Bank Hungary took fifth place with trades of HUF 48.2 billion, with Cashline securities finishing sixth with a slight difference, with trades of HUF 47.9 billion.

Turnover on the derivatives was almost unchanged in August from the previous month. Turnover in currency contracts fell to HUF 294 billion in August from HUF 304 billion in July. Turnover of BUX futures was unchanged at HUF 111 billion and turnover of individual share futures declined to HUF 136 billion in August from HUF 138 billion in July.

Turnover of grain futures fell to HUF 5.9 billion in August from HUF 6.3 billion in July. (MTI-Econews)