Bloomberg News

Hungarian Stocks: OTP Bank, Magyar Telekom Move in Budapest

February 17, 2012

Feb. 17 (Bloomberg) -- Hungary’s benchmark BUX stock index rose 2.1 percent to 19,147.54 by 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, pared its weekly decline as the country’s stocks advanced on speculation Greece will get a second bailout and as Hungary worked to obtain its own rescue. The shares climbed 1.9 percent to 3,945 forint.

Magyar Telekom Nyrt. (MTEL HB), Hungary’s former phone monopoly, increased the most since May 2010 as a drop in government bond yields made the company’s dividends more appealing to investors, according to Concorde Ertekpapir Zrt. The shares rallied 5.5 percent to 573 forint.

--Editors: Linda Shen, Ash Kumar

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


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus