13.04.202607:31:25UTC+00Budapest Stocks Hit Record High After Election

The Budapest Stock Exchange surged more than 2% to around 136,400 on Monday, setting a new all‑time high as investors reacted positively to the prospect of sweeping political and economic reforms following Péter Magyar’s landslide victory. With over 98% of ballots counted, early results indicate that the Tisza party is on course to secure 138 seats, while Viktor Orbán’s Fidesz is projected to win 55 seats and the far-right Our Homeland party six.

The success of the pro‑European opposition is widely viewed as a key step toward unlocking billions of euros in EU funds, including roughly €17 billion in grants and renewed access to low‑cost loans, particularly for defense spending. Magyar has also pledged that Hungary will reaffirm its position as a committed EU and NATO member while rebuilding relations with major partners such as Germany and Poland.

Beyond domestic politics, investors continued to weigh heightened tensions in the Middle East, following US plans to impose a blockade on the Strait of Hormuz after US–Iran negotiations broke down. Among leading blue chips, gains were driven by OTP Bank (+2.9%), MOL (+3.7%), Richter (+2.3%), and Magyar Telekom (+2.6%).