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Trading began on a largely positive note across stock markets, with Asian trading floors rising and Europe also displaying increasingly strong gains. Notably, in Hungary, both Duna House and Alteo reached historic highs, Portfolio reports.
The United States stock market experienced more cautious movements, resulting in a trading session devoid of significant shifts. Meanwhile, commodity markets witnessed activity, with gold reaching a historic high of USD 2,354, while oil prices declined following last week’s rally prompted by Israel’s announcement of troop withdrawal from the Gaza Strip.
The week also commenced with a robust performance in the cryptocurrency market, with bitcoin nearing a new historic high after a substantial increase. Concurrently, bitcoin exhibited strength, with a gain of over 3.5%.
In the USA, the first trading day of the week concluded with minimal movement across leading stock indices, maintaining levels similar to those of last Friday. The S&P 500 closed 0.04% lower, the Dow Jones 0.03% lower, while the Nasdaq experienced a modest gain of 0.03%. American stock markets continued to lack a clear direction, with the S&P 500, the Dow Jones, and the Nasdaq hovering around their previous day’s closing levels, currently showing slight gains of 0.03-0.06%. Throughout the trading session, U.S. stock markets struggled to establish any momentum, remaining close to Friday’s closing figures. Concurrently, bitcoin exhibited strength, with a gain of over 3.5%.
The day saw no definitive trend in U.S. stock markets following the opening bell, with the Dow up 0.1%, the S&P 500 showing no change, and the Nasdaq up 0.1%. These markets are striving to recover from last week’s downturn, where the Dow experienced a 2.3% decline, marking its weakest performance since March 2023; the S&P 500 saw a nearly 1% drop, unprecedented since early January; and the Nasdaq weakened by 0.8%, signaling its fourth decline in the past five weeks.
Via portfolio.hu
Alteo’s stock price surged significantly, currently up 4.2%.
This rally followed an announcement that its board of directors would propose an extraordinary dividend of HUF 200 forints per share in addition to the basic dividend of 200 forints per share, totaling 400 forints per share. Even at the current share price of HUF 3,700 (USD 10), this represents a dividend yield of 10.8%.
Meanwhile, Duna House’s rally continued, with the stock currently up 7.3%, setting both Alteo and Duna House at historic highs.
After a period of uncertainty in the morning, leading European stock indices began to ascend. The continent-wide Stoxx 600 rose by 0.3%, led by a decline in mining stocks by 1.6%, while food and beverage producers lagged behind. Last week, the index recorded a 1.2% decline, its poorest performance since January.
Via portfolio.hu
Duna House’s share price surged significantly during today’s trading session, reaching a historic high, partly due to the company’s announcement last Friday revealing a 52% increase in property transactions in the first quarter compared to the same period last year.
Although European stock markets initially seemed directionless at the start of trading, sentiment improved gradually.
Additionally, the mortgage market showed continued growth, with residential mortgage loans worth HUF 90B (USD 251.5M) contracted in March alone, bringing total mortgage lending to over HUF 240B (USD 670B) in the first quarter. This represents more than double the amount compared to last year on both monthly and quarterly bases, according to data from Credipass, the group’s international financial brand in Hungary.
European stock markets commenced the day with varying performances, with the DAX up 0.2%, the CAC and FTSE 100 remaining unchanged, while the Milan stock exchange rose by 0.1%, and the Spanish market experienced a 0.3% decline.