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Budapest Stock Exchange turnover up 20% in January

Double-counted turnover on the Budapest Stock Exchange (BÉT) came to Ft 845.6 billion in January, 20% less than in the previous month, according to figures from brokerages compiled by the bourse and published on Thursday. The BUX, the BÉT's main index, rose 6.8% to 22,203 in January.


Spot market turnover was Ft 889.9 billion in January, down 18% from December. On the derivatives market, turnover of BUX futures increased 35% to Ft 219.2 billion during January, while turnover in share futures fell 30% to Ft 225.2 billion. Turnover in grain futures rose 22% to Ft 2.56 billion. Spot market turnover of government bonds and T-bills came to Ft 15.4 billion in January, almost three times December's turnover of Ft 5.83 billion. Turnover in mortgage bonds and corporate bonds increased 43% to Ft 28.6 billion.


Erste Bank's brokerage recorded the highest turnover in January at Ft 161 billion, recovering the top position among brokerages after slipping to second place in December. The brokerage with the second-highest turnover in January was K&H Equities, with trades worth Ft 150 billion. In third place was Concorde Securities, with Ft 106 billion of trades. ING Bank, which made the most trades in December, slipped to seventh place in January.