Budimex Stock Analysis Performance and Market Trends

On Wednesday, January 8th, Budimex (BDX) started trading at 473 PLN, slightly up by 0.13% from Tuesday's close at 472.4 PLN. By 11:45 AM, the stock price rose to 473.4 PLN, then dropped to 462 PLN at 2:04 PM but recovered to 469.6 PLN by closing. There were a total of 123 transactions for Budimex, with a trading volume of 40,184 shares, amounting to 15.1 million PLN in turnover, aligning with their monthly average. This session marked the third consecutive decline. Over the past week, Budimex's value remained stable, decreasing by 0.93% in a month, 26.16% in the last 12 months, while shareholders gained 0.64% since the beginning of the year. Despite market downturns, Budimex showed resilience. While the WIG index fell by 1.14% to 81,251 points, Budimex stock only declined by 0.59%. The construction sector, including Budimex, dragged the market down, with the WIG-BUDOW index dropping by 0.74% to 6,874 points. Weak performance of construction companies influenced the overall market decline. Budimex, a major player in the Polish construction market, specializes in infrastructure services: road, rail, airport, building construction, energy, industrial, and ecological sectors. The company is expanding into facility management and waste management. Ferrovial, a leading global construction company from Spain, is Budimex's strategic investor.