Bloomberg News

Hungary Stocks: Mol, Magyar Telekom Active in Budapest Trading

April 16, 2012

Hungary’s benchmark BUX (BUX) stock index rose 0.2 percent to 17,375.27 by the close in Budapest, snapping four days of declines.

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

Magyar Telekom (MTEL) , Hungary’s former monopoly controlled by Deutsche Telekom AG, gained 0.4 percent to 552 forint. Magyar Telekom shareholders today approved a dividend of 50 forint per share after 2011 earnings.

Mol Nyrt. (MOL) , Hungary’s largest refiner, retreated 1.1 percent to 16,920 forint. Units of Royal Dutch Shell Plc, Total SA and INA Industrija Nafte d.d., the Croatian refiner controlled by Mol, won’t be able to return to Syria after complying with a European Union embargo, Syrian Oil Minister Sufian Alao said, according to Vecernji List.

OTP Bank Nyrt. (OTP) , Hungary’s largest lender, snapped four days of losses, lifting the country’s stock index, as a report showed retail sales in the U.S. rose more than forecast in March.

The shares gained 1.5 percent to 3,424 forint by the close in Budapest.

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


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus