US EditionHungary Election: Orban's Fall Inspires the Stock Exchange
6 Articles
6 Articles
The clear victory of the Tisza party in the parliamentary elections in Hungary is also good on the financial markets. A policy that is more oriented towards a functioning market economy is now expected.
Investors expected a simple election victory of the Orban competitor Peter Magyar. Now that it became a landslide victory, they are out of hand. A stock increased by 14 percent on Monday – but not only because of the election. Which are the most interesting Hungarian stocks?
The Tisza Party achieved a two-thirds victory in Sunday's parliamentary election, and the Hungarian stock market reacted with large movements.
Lőrinc Mészáros' Opus opened down 27 percent, while 4iG's share price fell 19 percent. All major market players are strengthening, with OTP up 4%.
Sunday's election was not the first blow to Hungarian stocks linked to the NER; investors have been reducing their positions for weeks, and in some cases months, in anticipation of a change of government. Some companies have benefited massively from the National Cooperation System, with 4iG being a glaring example of how a company could gain massive deals through its government connections in the previous system (see the Vodafone acquisition). H…
The two-thirds victory of the Tisza Party is also moving the securities market.
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- 50% of the sources lean Left
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