Bloomberg News

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

February 22, 2012

Feb. 22 (Bloomberg) -- Hungary’s benchmark BUX stock index fell 0.7 percent to 19,055.7 as of the close in Budapest.

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

Egis Gyogyszergyar Nyrt. (EGIS HB), the drugmaker owned by Laboratoires Servier, declined 2.5 percent to 16,305 forint, the lowest close since Jan. 17, after the government said it plans to cut subsidies for medicines.

Gedeon Richter Nyrt. (RICHT HB), the country’s biggest drugmaker, slid 0.5 percent to 38,000.

OTP Bank Nyrt. (OTP HB), Hungary’s largest lender, declined 1.2 percent to 3,928 forint. European stocks weakened for a second day. Hungary’s government sought to cut spending as the country looks to avert losing European Union grants.

--Editors: Linda Shen, James M. Gomez

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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