The Budapest Stock Exchange is a relatively new stock exchange headquartered in Budapest, capital of Hungary. A stock exchange, share market or bourse is a Corporation or Mutual organization which provides "trading" facilities for Stock Budapest ( also /ˈbʊ-/) is the capital city of Hungary. As the largest city of Hungary it serves as the country's principal Political, Hungary (Magyarország 'mɔɟɔrorsaːg) officially in English the Republic of Hungary ( Magyar Köztársaság, literally Magyar (Hungarian Republic
It replaced the unofficial "Budapest Stock Exchange Index" used during the phases of transition from a socialist to a market economy. The exchange presently contains 20 stocks. To qualify for the index, a stock must comply with three out of five requirements. According to The Budapest Stock Index (BUX), these requirements include:
- A certain minimum face value of a stock
- A defined minimum price
- A minimum number of transactions
- An accumulated minimum turnover of 10% of the registered capital during the six months preceding the revision of the index
The Budapest Stock Exchange's historic high was 25550. The BUX is a stock index of large companies traded on the Budapest Stock Exchange. 68 index points and its low was 717. 75 points.
Budapest is considered to be Central/Eastern Europe's second best stock exchange, surpassed only by the Warsaw Stock Exchange. Prague and Bucharest are lagging behind.
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