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HATC SAMPLE EDITION:
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1st March, 2024
BUX a global leader last year
The BUX, the benchmark index of the Budapest Stock Exchange, rose by 38% last year and 49% in dollar terms, the second-best performance globally, exchange CEO Richárd Végh told the bourse’s annual awards ceremony on Thursday.
The leading Hungarian blue-chip stocks were crisis resilient and, despite the robust gain in the share price and of profitability, are still undervalued based on price-per-earnings ratios, he added.
There were four IPOs on the market last year, including that of the BSE itself, with a total of Ft 105 billion in new shares issued.
The market capitalisation of the Budapest exchange rose from Ft 6.6 trillion in 2016 to nearly Ft 15 trillion at the end of 2023.
Appreciation of share prices accounted for Ft 5.7 trillion of the total Ft 9.3 trillion gain, while Ft 2.6 trillion came from new listings and capital increases.
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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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