AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Hungarian stocks end volatile week on optimistic note.
(From Hungarian News Agency (MTI))
Budapest, March 4, 2005 (MTI-ECONEW) - Upbeat global market mood after strong U.S. jobs data prompted a late rally for Hungary's leading stocks on Friday, helping the BUX index to close the week above the 18,000 mark.
While Wednesday's long-due correction threatening with an abrupt end to investors' enduring appetite for Hungarian blue chips sent jitters across the market, Friday's aggressive late buying suggested foreign investors still valued Budapest stocks for their upward potential, although trading was expected to remain more volatile in the coming period.
Overall weekly turnover came in at HUF 115.2bn, 20pc higher than last week's HUF 95.5bn. On Friday, turnover totalled HUF 19.7bn, slightly lower than the February daily average of HUF 21.4bn.
The BUX accumulated losses of 1.51pc over the week -- compared to the Warsaw WIG-20's fall of 3pc and Prague PX-50's 2.5pc increase -- finishing the week at 18,061.84, after rising 298 points, or 1.68pc on Friday.
As usual, top-dogs OTP and Mol dominated the floor and dragged the index up and down as they moved. Without any major corporate news surfacing, and the week also lacking market-moving economic data, chart technical reasons and global factors had a lot to do with which way the stocks went.
Retail bank OTP was highly volatile and fell 6pc on Wednesday after a rocky ride on Monday. It fell another 1.3pc on Thursday before edging 0.7pc higher on Friday, closing the week 3.27pc lower at 7050.
- Review of Fifth Third Bancorp vs Current Market.
- Press release article from: M2 Presswire January 22, 2008 700+ words
...assets, operates 18 affiliates with 1,227 full-service Banking Centers, including 102 Bank Mart locations open seven days a week inside select grocery stores and 2,211 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West...
- SORL Retains Jefferies As Lead Financial Advisor.
- Press release article from: PR Newswire February 28, 2008 700+ words
...diluted EPS of US$0.45. The Company is planning to report the fourth quarter and fiscal year 2007 earning results in the last week of March. About SORL Auto Parts, Inc. As China's leading manufacturer and distributor of automotive air brake valves, SORL...
- Mario Lopez & Wachovia Show Saving Money Can Be Fun, Easy & Automatic.
- Press release article from: PR Newswire February 20, 2008 700+ words
...participate in the grand finale of the Way2Save Challenge the week of May 15. The winners from the LA event are: 1. Robert Cruz...The Way2Save Challenge Tour will be in each location during the week of dates listed. Exact event dates are being finalized. No...
- Dallas Stars Ice Girls, Havoc Fanatics & Wachovia Show Saving Money Can Be Fun,...
- Press release article from: PR Newswire March 10, 2008 700+ words
...participate in the grand finale of the Way2Save Challenge the week of May 15. The winners from the Dallas event are: 1. Chee...The Way2Save Challenge Tour will be in each location during the week of dates listed. Exact event dates are being finalized. No...
- Wachovia Will Release 1st Quarter 2008 Earnings April 18.
- Press release article from: PR Newswire March 10, 2008 700+ words
...first quarter 2008 earnings results on Friday, April 18, 2008. Wachovia CEO Ken Thompson...download Media Player. Telephone Replay: Friday, April 18, at 1 p.m. and continuing through 5 p.m. Friday, May 16. To listen to the replay, please...
- Progressive Following on Wachovia Corp.
- Press release article from: M2 Presswire March 27, 2008 700+ words
...Streetinvesting.com has now resumed our progressive review of Wachovia Corp. (NYSE:WB) as it opened up $0.03 nearing its 52 week low of $8.89 on below average volume early trading Thursday, March 27, 2008. Based on the Company's most recent news...
- Speak with other shareholders about: (NYSE: WB), (OTCBB: MGEN), (NASDAQ: SCHW),...
- Press release article from: M2 Presswire March 14, 2008 700+ words
...it's all worth while." The products will be shipped under the brand name Sonergy and sampling will begin as early as next week. ---------------------------------------------------------- To view...
- Wachovia Will Release 2nd Quarter 2008 Earnings July 22.
- Press release article from: PR Newswire May 27, 2008 700+ words
...audio webcast and download Media Player. Telephone Replay: Tuesday, July 22, at 1 p.m. and continuing through 5 p.m. Friday, October 17. To listen to the replay, please dial 1-706-645-9291, Access code: 49418191 Wachovia Corporation is one...
- Leaving ABS: Will the Shakeout Become a Walkout?
- Newspaper article from: Asset Securitization Report Mitchell, Donna April 28, 2008 700+ words
Jefferies & Co. made news last week when it hired 10 senior executives for its mortgage-backed securities trading group, in an effort to expand its fixed-income...
- Executive Moves.(John Papadopulos promoted at Wachovia Corp.)(William Kline...
- Newspaper article from: Money Management Executive May 26, 2008 700+ words
...charge of the real estate division in the Charlotte company's corporate and investment bank. The promotion was announced Friday. Papadopulos, 49, will report to David Carroll, head of the capital management group, and will sit on the division's...
