2023-08-09 11:06:07
Hungary is always good for a surprise. The small Central European country with the highest inflation in the EU is giving shareholders hefty profits. The leading index Bux is up a quarter in local currency since the start of the year, one of the best developments in the region, especially in the summer. In July, the Bux rose for 13 straight days, not seen since 1997. Even expressed in euros, the increase was more than a quarter, which, together with the Polish Wig index, is also one of the best results.
Michael Seiser
Business correspondent for Austria and Hungary based in Vienna.
In the second quarter, the Bux made it into the ranks of the most successful stock indices in the world. “Such an outperformance is only possible if the leading indicators allow it,” says Stephan Imre, analyst at Raiffeisen Bank International (RBI), pointing to a strong correlation between the Bux and the American standard stock index S&P 500 in July.
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