It was a day of balance in the stock market

The stock market turnover was 10.4 billion HUF, the leading stocks had a mixed performance compared to the close of the previous day.

Zoltán Varga, senior analyst at Equilor Befektetési Zrt., Told MTI that there was a wait on the stock exchange due to news about the vaccine. The markets were characterized by seeking direction, reorganization and profit realization, followed by the Hungarian stock exchange.

Turnover was average on the last trading day of the week. Among the leading stocks, Richter had smaller moves. Mol has risen, continuing with its own stock purchase program. OTP gradually weakened during the day, closing trades in the red, which can be attributed to profit making.

Mol strengthened at HUF 20, or 1.01 percent, to HUF 1999, with a turnover of HUF 1.9 billion.

OTP’s share price decreased by HUF 100, or 0.84 percent, to HUF 11,840, and its turnover amounted to HUF 5.9 billion.

Magyar Telekom’s share price fell 2 HUF, or 0.54 percent, to 365.50 HUF, and its turnover was 53.6 million HUF.

The price of Richter’s securities increased by 55 HUF, or 0.79 percent, to 6,975 HUF, and the share turnover reached 1.6 billion HUF.

The small and medium stock index, BUMIX, closed at 3,356.65 points on Friday, 23.28 points higher, 0.70 percent more than Thursday’s close.

Another Hungarian stock exchange event of the day was that of István Pintér, chairman of the board of Rába Plc.

The Hungarian Competition Authority approved the acquisition of a majority stake in AutoWallis in Iniciál Autóház Kft., Which has a dominant position in the Western Hungary region and is engaged in the sale and branding of seven car brands with a turnover of 19.3 billion HUF.

Elsewhere, after a weak start, major European stock indices ended their trading on the last day of the week with an index rally. The major exchanges ended the third week in a row with index gains.

Among European aggregate indices, both the FTSE EuroFirst 300 and Stoxx Europe 600 indexes closed 0.45 percent higher, while the EuroStoxx50 euro area index outperformed 0.49 percent.

The oil sector price index rose more than 1 percent on Friday, while the food industry fell 0.3 percent.

In London, the FTSE-100 index rose 0.25 percent to close. The London market has its third profitable week behind it. The Frankfurt DAX was up 0.40 percent on Friday and ended the week with a 0.4 percent gain. The CAC-40 finished 0.39 percent higher in Paris on Friday and posted a 2 percent weekly gain after 8 percent last week. The exchange rate index rose 0.78 percent on the Milan Stock Exchange and 0.62 percent in Madrid. In Milan, the stock index achieved a weekly gain of 3.8 percent. The Spanish Stock Market closed the third consecutive week with a profit, the current 2.5 percent.

Oil prices rose, with Brent up 0.45 percent to $ 44.40 and WTI up 0.02 percent at $ 41.91 a barrel. The price of both types of oil made a gain of around four percent this week in hopes of the expected recovery in economic activity from antiviral vaccination and, with it, an increase in demand for oil. There were also signs of a price increase effect, indicating that OPEC + is willing to postpone reducing its production limit of 7.7 million barrels per day by 2 million barrels expected in January by at least three months.

The euro is trading 0.11 percent weaker at $ 1.1860, and the spot price of gold rose 0.38 percent to $ 1,873.31 an ounce. However, gold ends the week with a price drop of around half a percent. Since the news about the vaccine broke almost two weeks ago, the price of gold has fallen by five percent in parallel as investors begin to redirect capital invested in gold towards assets that correlate with economic growth, thanks to its custodial role.