Bloomberg News

Hungary Stocks: Gedeon Richter, Raba Move in Budapest Trading

February 28, 2012

Hungary’s benchmark BUX stock index rose 0.3 percent to 19,217.87 at the end of trading in Budapest. The following were among the most active equities in the Hungarian market today. Stock symbols follow company names.

Gedeon Richter Nyrt. (RICHT) , Hungary’s biggest drugmaker, rose the most in almost four weeks after its experimental antipsychotic drug cariprazine met the main goals of two late-stage studies in schizophrenia. The shares gained as much as 4.9 percent before trading 2.9 percent higher at 39,105 forint.

Raba Nyrt. (RABA) , a majority state-owned Hungarian vehicle maker, rose the most since November after Nepszabadsag reported that the government plans to use the company to help expand the country’s military industry. The shares rose 15 percent to 755 forint at the end of trade in Budapest, the most since Nov. 8, after being temporarily suspended for breaching the 10 percent intraday trading limit.

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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