Markets

The BUX closed at 149,155.36 points, down 1.40%. OTP fell 3.86%, while Europe’s main equity benchmarks finished almost unchanged.

NAP Nyrt.’s general meeting authorized the board to carry out a private capital increase of up to HUF 2,000,000,000 through interest-bearing shares. The decision creates an option but does not itself constitute a share issue.

MBH Bank reported a loss of 22,537 million forints for the first half of 2026 after a profit of 53,526 million forints a year earlier. Its reviewed IFRS statements show lower net interest income, higher operating costs and a weaker impairment balance.

The ECB president drew investors’ attention to the financing of technology growth. The conditional warning does not itself establish that a market crash has occurred.

Second-quarter external balance cannot be assessed from a minus sign alone: the current account and net lending measure different things.

The Fed’s September tightening changed the backdrop for dollar assets. Currency movements also shape a Hungarian saver’s outcome.

Technology dependence and less transparent financing channels also shape the financial system’s vulnerabilities.

Euro-area monetary policy can affect Hungarian companies, but the transmission depends on funding currencies and contract terms.

The central bank is changing its longer-term benchmark. The announcement alone does not rewrite loan contracts or deposit rates.

Participation rules for supplementary pensions are back in the European policy debate. No new compulsory EU-wide system has been announced.

The official US calendar lists two important releases for the week. For Hungarian investors, the dollar’s value in forints matters alongside share prices; Friday’s reference exchange rate provides context only.

The special holiday covers 28–29 September; the exchange has indicated normal operations for 28 September.