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After the strong wave of earnings realization on Monday, there will be a small change and direction seeking on the Budapest Stock Exchange on Tuesday, wrote Zoltán Varga, analyst at Equilor Befektetési Zrt., For MTI.
Photo: Napi.hu / Dániel Szabó
According to the analyst, the mood on BSE may remain fragile. Among the leading stocks, OTP fell close to the 13,500 HUF level, there is only really strong support at 12,500 HUF, he noted.
Mol’s price started lower last week and the trend continued on the first day of the week, the analyst noted, noting that a decisive support on the oil industry paper chart is HUF 2,000.
The stock index of the Budapest Stock Exchange, the BUX, closed at 1,131.75 points, or 2.72 percent, at 40,483.17 points on Monday. The stock market turnover was HUF 15.4 billion. Mol decreased HUF 60, or 2.83 percent, to HUF 2,060, with a turnover of HUF 3.1 billion. OTP’s share price fell 560 HUF, or 4.14 percent, to 12,980 HUF, and its turnover amounted to 10.3 billion HUF. Magyar Telekom’s share price weakened by 1.5 HUF, or 0.40 percent, to 369 HUF and its turnover was 127.9 million HUF. The price of Richter’s securities decreased by HUF 45, or 0.62 percent, to HUF 7,270, and share turnover reached HUF 999.2 million.
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