Bloomberg News

Hungary Stocks: OTP, E-Star Alternative Are Active in Budapest

March 30, 2012

Hungary’s benchmark BUX stock index rose 0.1 percent to 18,635.67 as of the close in Budapest. The gauge has advanced 9.8 percent this year.

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

E-Star Alternativ Nyrt. (ESTAR) (ESTAR HB), a Hungarian energy company, fell to the lowest in more than 2 1/2 years after posting a net loss for 2011. The shares dropped as much as 11 percent and last traded 3.6 percent lower at 2,940 forint, a 32 percent decline in the first three months of 2012 after a 37 percent drop in the last quarter of 2011.

OTP Bank Nyrt. (OTP) , Hungary’s largest lender, fell 0.6 percent to 3,829 forint after rising as much as 1 percent as European finance ministers increased rescue funds. The stock jumped 19 percent this quarter.

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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