"Foreigners held 78.8% of the shares listed on the stock market by the end of the quarter, 0.8% less than in the previous quarter. Boosted by rising prices, the capitalisation of the Budapest bourse rose 20.1% in the period.Foreigners held 78.8% of the shares listed on the stock market by the end of the quarter, 0.8% less than in the previous quarter. Boosted by rising prices, the capitalisation of the Budapest bourse rose 20.1% in the period.
Non-resident investors sold shares at the end of the second quarter, just before the market rout that wiped more than 4,000 points off the market, Napi Gazdaság notes. Hungarian households’ share of listed shares fell 0.7% to 3.4% by the end of June, to Ft 304 billion. Another noticeable trend was the purchasing activity of foreign investors in mortgage-backed bonds, whose share has risen from 20% to 44% over the last three years."
Source: Hungary Around the Clock.
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24.08.2007