Europe fell, Budapest went with it
Stock market turnover It was HUF 10.8 billion, the leading shares, with the exception of Richter, weakened compared to the previous day’s close.
According to the analyst of Equilor Befektetési Zrt., in an international comparison, the weakness of the BSE is not extraordinary, the stock market indices are also falling elsewhere in Europe. Lajos Török added that turnover remained low, only Richter was able to hold its own among the leading stocks on Tuesday.
Mol decreased by HUF 18, or HUF 0.61, to HUF 2,932, in circulation of HUF 2.2 billion.
The price of OTP shares fell by HUF 382, or 4.48, to HUF 8,152, and their turnover amounted to HUF 7.1 billion.
Magyar Telekom’s exchange rate weakened by HUF 8.0, HUF 2.40 to HUF 325, and its turnover was HUF 125.3 million.
The price of Richter papers increased by HUF 180, 2.63 to HUF 7,035, the share turnover reached HUF 1.1 billion.
BUMIX closed at 3,747.98 points on Tuesday, which is a decrease of 32.05 points or 0.85 percent compared to Monday’s closing.
Europe fell hard
After a positive start, the main European securities markets closed with large index losses on Tuesday. The leading indices fell to a two-and-a-half-year low with a fall of around 2-3 percent, and the price of oil fell as well.
The FTSE EuroFirst 300 index ended the day with a loss of 2.0 percent, the Stoxx Europe 600 index with a loss of 2.13 percent, and the euro area EuroStoxx50 index with a loss of 2.65 percent.
The FTSE100 index in London decreases by 2.9-0, the DAX in Frankfurt fell by 2.91, and the Paris index CAC-40 finished perfectly at 2.68. Tuesday’s stock market day ended with an index drop of 2.95 percent in Milan and 2.4 percent at the end in Madrid.
Oil prices fell 8-9 percent to an eight-week low on Tuesday, as fears of a recession and the associated drop in oil demand worry oil market traders more than supply problems. On the supply side, OPEC cannot fulfill its production plan due to the lack of investments, the Russian oil supply is also stuck on the world market, and about 130,000 barrels per day were lost due to the strike of the Norwegian oil workers.
At the end of the European trading session, the price of Brent crude oil was 8.20 constant in international trade at $104.19 per barrel, and the price of WTI was down 7.15 to $100.68.
The oil price is 37 above the beginning of the year.
Spot gold fell $2.29 to a five-month low of $1,767.75 an ounce. The dollar index002 has been free of charge above 106 points since November 2, with an increase of 1.50 percent to 106.71 points. The euro fell 1,794 points to $1,024, its weakest level since December 2020.
Information
The information and analysis on this page reflect the private opinion of the authors. The writings appearing on this page do not implement the CXXXVIII of 2007. Act (Bszt.) on the basis of paragraph 2 of § 4. investment analysis according to point 8 and investment advice according to point 9.
When making any investment decision, the appropriateness of the given investment can only be determined by a personalized examination of the given investor, which this site does not undertake and is not suitable for. Before making individual investment decisions, get detailed information from several sources and, if necessary, consult with a personal investment advisor!