The overarching aim of the five-year strategy devised by the Budapest Stock Exchange (BSE) for the period 2016-2020 is to formulate and implement a comprehensive stock exchange development programme in Hungary, which will result in capital fundraising increasing its role in Hungarian corporate finance, making it an effective supplement to credit from the banking sector, which predominates at present. The objective of BSE is to become the most important platform for competitive and successful enterprises in Hungary.
Once again, the year flew by quickly, and we can safely say that it was an outstanding one for the Budapest Stock Exchange. Following the steep price increase of 2017, the BUX broke another record at the start of 2018, and while other exchanges experienced substantial declines, we saw the index soar to near record heights on several occasions before the year-end. OTP, the biggest company on the exchange, reached a new record-high price after 11 years, while the second largest security, MOL, was at its highest level since the 2008 crisis.
The Budapest Stock Exchange set its goals three years ago and has now successfully concluded the second year of implementing its 2016–2020 strategy. Trading volume on the cash equity market – the most important measure of our performance – grew by an outstanding rate last year, as shown by the results of the first eleven months available at the time of compiling this summary.
- The purpose of the Strategic Report is to present, on an annual basis, what the BSE has accomplished from its five-year strategic plan for the 2016-2020 period.- At the same time, the publication also provides an outlook on the undertakings of coming years as well as its ongoing tasks.