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HATC SAMPLE EDITION:
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1st July, 2010
Stocks bruised in the second quarter
The Budapest Stock Exchange was among the worst performing bourses in the world in the second quarter, losing more than 13.1% of its value, or 3,000 points.
The decline in dollar terms is even more alarming, at around 25%.
Bank shares were hit hardest. OTP shareholders saw the value of their investments shrink 30% in the last three months. Mortgage bank FHB lost one-third of its market capitalisation between April and June.
The forint was also losing big against major currencies in the first half: sliding 23% against the Japanese yen, 20% against the dollar, 16% against the Swiss franc and 6% against the euro.
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Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).
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