Bloomberg News

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

April 27, 2012

Hungary’s benchmark BUX (BUX) index rose 0.3 percent to 18,235.03 by the close in Budapest, increasing the gain this week to 4.1 percent and paring the loss this month to 2.2 percent.

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

OTP Bank Nyrt. (OTP) , Hungary’s largest lender, fell for the first time in four days after Standard & Poor’s cut Spain’s sovereign credit rating, adding to concern the debt crisis will worsen as Hungary works to obtain aid. The shares dropped 0.8 percent to 3,810 forint.

Foldhitel es Jelzalogbank Nyrt. (FHB HB) fell 0.4 percent to 572 forint.

Mol Nyrt. (MOL) , Hungary’s largest refiner, declined as much as 1.5 percent on an intraday basis and closed 0.2 percent higher at 17,900 forint. Oil fell as the U.S. economy expanded less than forecast in the first quarter and a cut in Spain’s credit rating renewed concern Europe’s faltering economy may curb fuel demand.

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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