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Jan 03, 2020

Hungarian stocks start 2020 on a positive note

Budapest's main index climbed 0.41 percent early yesterday morning. The Hungarian forint gained 0.23 percent to 330.04.

Hungarian stocks started 2020 on a positive note, with the Budapest stock exchange reaching a record high.  

According to Reuters, Budapest's main index climbed 0.41 percent early yesterday morning. The Hungarian forint gained 0.23 percent to 330.04.

"The forint has been trading in a tight range versus the euro, between 330 and 332 for days, and we do not see change in this for the time being," said brokerage Equilor.  

Hungary's seasonally adjusted PMI rose to 53.9 in December 2019 from a revised 53.1 in November, with rising production volumes and new orders.