Last year, 4iG vaulted to account for a tenth of Budapest’s annual gains, a feat that stunned investors and analysts.

The company’s meteoric rise stemmed from a mix of macro and micro factors, but the exact drivers remain unclear. Still, its performance highlighted the volatility of Hungary’s market.

Meanwhile, Opus Global fell 40% since February, while MBH Bank has shed more than 20% of its value this year. These declines mirror a broader retreat among state‑linked firms.

The index has climbed almost a quarter, yet individual stocks paint a mixed picture. Investors now face a stark divide between high‑flying tech names and traditional financial players, underscoring the need for careful sector analysis.