Hungarian stock market volatility rises amid international uncertainty

Volatility has increased significantly on the Hungarian stock market following uncertainty in international investor sentiment linked to US midterm election results.

Technical outlooks for major stocks are mixed. OTP faces a potential downward trend if it breaks the 40,135 HUF support level, having failed to stay above its 200-day moving average. Mol also shows a negative technical outlook, with a critical support level at 4,800 HUF. Richter Gedeon maintains a neutral position, with its price falling below the 13,010 HUF resistance level.

In contrast, Magyar Telekom remains the only major stock with a favorable short-term technical outlook, provided it maintains its current upward trend above the 2,850 HUF support level.