Budapest Stock Exchange
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The Budapest Stock Exchange is a relatively new stock exchange headquartered in Budapest, capital of Hungary.
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 25550.68 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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