Bloomberg News

Hungarian Stocks: OTP Bank, MOL Are Active in Budapest Trading

February 13, 2012

Feb. 13 (Bloomberg) -- Hungary’s benchmark BUX stock index rose 1.3 percent to 19,277.91 as of 11:20 a.m. in Budapest, snapping the biggest two day decline in more than a month.

The following are among the most active equities in the Hungarian market today. Stock symbols follow company names.

OTP Bank Nyrt. (OTP HB), the biggest lender in Hungary, gained 1.5 percent to 4,030 forint, tracking financial companies worldwide as passage of the Greek austerity bill fuelled optimism that euro-region finance ministers will approve a second bailout package on Feb. 15 to avert default.

Mol Nyrt. (MOL HB) advanced 0.8 percent to 19,550 forint, snapping a four-day losing streak. Hungary’s largest refiner gained as oil rebounded from a three-day low in New York after Greece’s parliament approved austerity measures to obtain an international bailout, while concern grew that a ban on Iranian oil may constrict supplies.

--Editors: Linda Shen, Wojciech Moskwa

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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