Bloomberg News

Hungary Stocks: OTP, Mol, CIG Pannonia Move in Budapest Trade

April 03, 2012

Hungary’s benchmark BUX stock index fell 1.3 percent to 18,345.66 as of the close in Budapest.

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

OTP Bank Nyrt. (OTP) , Hungary’s largest lender, fell 1.8 percent to 3,750 forint. Citigroup Inc. said Hungarian assets face “intensified pressure” because of a lack of progress on starting talks with the International Monetary Fund and the European Union on loans.

CIG Pannonia Eletbiztosito Nyrt. (PANNONIA HB), a Hungarian life insurer, slumped for a third day to a record low. The shares dropped 2.4 percent to 405 forint, the lowest level since their November 2010 listing and extending the decline in the past month to 21 percent.

Mol Nyrt. (MOL) , Hungary’s largest refiner, dropped 1.3 percent to 18,100 forint. Oil as supplies in the U.S., the world’s biggest crude consumer, were forecast to climb to a seven-month high.

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


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus