Bloomberg News

Hungary Stocks: OTP Bank, Refiner Mol Move in Budapest Trading

April 13, 2012

Hungary’s benchmark BUX (BUX) stock index fell 2.8 percent to 17,337.42 at the close in Budapest, the biggest daily drop since Dec. 1, taking the weekly decline to 4.8 percent.

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

OTP Bank Nyrt. (OTP) , Hungary’s largest lender, retreated 6.1 percent to 3,375 forint, on concern disputes obstructing the country’s international bailout request will escalate and the government will introduce a new banking tax.

Hungary would consider it an act of “blackmail” if the International Monetary Fund were to pose political criteria for starting financial assistance talks and is ready to go to court to defend his position, Prime Minister Viktor Orban said in an interview on public radio MR1-Kossuth.

Mol Nyrt. (MOL) , Hungary’s largest refiner, retreated 2 percent to 17,100 forint. Oil dropped for the first time in three days after China’s economy grew at the slowest pace in 11 quarters.

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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