Uncertainty in stock exchange

Foreign capital is leaving emerging markets and it has a direct effect both on the Budapest stock exchange and the Hungarian securities market. But capital outflow did not amount to the extent of previous inflow, therefore the drop in prices is smaller than their increase was in early 2005. Price correction made OTP and Mol shares cheap compared to their fundamentals, some analysts think. But others point to a risk of high budget deficit, which may even increase the speed of capital outflow.