Budapest Stock Exchange BUX Index Sets Record, analysts project cautious optimism

The BUX composite index on the Budapest Stock Exchange closed at a historic high of 139,892.19 points on Tuesday, up 0.58%, and opened Wednesday marginally stronger at 139,894.86 points, indicating modest momentum. Senior analyst Zoltán Varga of Equilor Investment Zrt. highlighted key technical levels for the market’s leading stocks.

For OTP, resistance sits at HUF 46,279 with support at HUF 44,828; the share rose 0.94% to HUF 45,950 on Tuesday with HUF 22.3 billion traded. Richter’s resistance is at HUF 12,040 and support at HUF 12,269; it slipped to HUF 12,050 with HUF 3.2 billion in turnover. Mol remained in a downtrend, facing resistance at HUF 3,700 and support at HUF 3,573, gaining 0.65% to HUF 3,700 on Tuesday (HUF 2.5 billion traded). Magyar Telekom hovered above the 30‑day moving average support of HUF 2,625, trading at HUF 2,682 after a 0.15% rise (HUF 2.3 billion traded). After Friday’s record close at 139,790.13 points, Varga expects a cautious‑optimistic tone for the upcoming trading sessions.