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Budapest Stock Exchange blue-chip index, turnover decline sharply in 2011

The Budapest Stock Exchange’s blue-chip BUX index dropped 22% in 2011, while share turnover at the bourse declined 29.6% last year, the Budapest Stock Exchange (BSE) told MTI in its annual trade summary on Wednesday.

The BSE attributed the BUX’s fall to the euro-zone debt crisis, noting that the blue-chip index rose moderately during the first third of the year. The BUX reached its 2011 apex of 24,451 on April 7.

The BSE’s capitalization declined HUF 15.6bn to the end of last year from HUF 18.5bn at the end of 2010.

The bourse’s spot-market turnover declined 27.5% yr/yr to HUF 4,224bn in 2011, while the number of spot-market transactions slipped 6.5% yr/yr last year.

Foreign investors generated 45% of the BSE’s share turnover in 2011, up 5 percentage points from 2010.

There were six new issuers at the BSE in 2011, while four companies issued seven new series of bonds at the bourse last year.