Changes in the Hungarian stock market: Foreigners sell their shares
Foreigners sell their Hungarian shares, leaving them to the enterprise sector in Hungary, index.hu quotes Napi Gazdaság.
The worth of Hungarian shares on the stock market reached 3098 billion HUF in 2014 November, according to MNB (National Hungarian Bank). However, the rate of foreign stockholders had decreased significantly, the Hungarian market is still dominated by them with a share worth 2360 billion HUF. Index says, the recent increase in sales can only be measured to the 2011 data: shareholders have sold shares worth 143,6 billion HUF, aggregated. This amount roughly corresponds with the sum Hungarian, non-monetary enterprises have spent on Hungarian shares: this number is approximately 137,5 billion HUF.
The Republic of Hungary had 560,5 billion HUF worth of shares in November, which means a 6,9 million HUF increase since October, due to the increase of the share values, reports index.hu. Households bought new shares worth 2 billion HUF, and the value of their existing shares had increased by 4,8 billion HUF which adds up to the total sum of 299,1 billion HUF share value owned by Hungarian households.
based on article by index.hu translated by Laura Kocsis