Bloomberg News

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

May 02, 2012

Hungary’s benchmark BUX (BUX) index fell 1.2 percent to 18,025.36 by the close in Budapest.

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, retreated 0.2 percent to 3,801 forint as European stocks fell after an industry report showed that American employers added fewer jobs than economists projected last month. OTP shares had jumped as much as 3.4 percent earlier today after UBS AG raised its recommendation on the stock to buy from neutral yesterday.

Mol Nyrt. (MOL) , Hungary’s largest refiner, declined 1.1 percent to 17,700 forint. Crude oil futures extended declines after the U.S. Energy Department said stockpiles rose to the highest level in 21 years.

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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