Bloomberg News

Hungary Stocks: OTP, FHB Bank, Richter Are Active in Budapest

February 15, 2012

Feb. 15 (Bloomberg) -- Hungary’s benchmark BUX stock index rose 0.5 percent to 19,132.49 at the close in Budapest.

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

OTP Bank Nyrt. (OTP HB), Hungary’s largest lender, rallied as much as 5 percent and closed 2.4 percent higher at 4,026 forint as data showed Hungary’s economy expanded more than economists forecast and the country’s central bank pledged to take steps to help boost lending.

Foldhitel es Jelzalogbank Nyrt. (FHB HB), a Hungarian mortgage lender, rose 1.4 percent to 510 forint after the central bank announced steps to boost lending.

Gedeon Richter Nyrt., Hungary’s biggest drugmaker, fell 0.7 percent to 37,900 forint. The company had its end-2012 price target cut to 42,000 forint from a previous 45,854 forint at Concorde Ertekpapir Zrt. citing reduced earnings estimates.

--Editors: Linda Shen, Hellmuth Tromm

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

To contact the editors responsible for this story: Hellmuth Tromm at htromm@bloomberg.net; Gavin Serkin at gserkin@bloomberg.net


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