Bloomberg News

Hungary Stocks: Magyar Telekom, OTP Bank Move in Budapest Trade

May 03, 2012

Hungary’s benchmark BUX (BUX) index fell 0.9 percent to 17,871.46 by the close in Budapest, retreating for a second day.

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

Magyar Telekom Nyrt. (MTEL) , Hungary’s former phone monopoly controlled by Deutsche Telekom AG, gained after news website Index reported the government will impose monthly limits on a planned phone tax. The shares rose as much as 0.9 percent and last traded 0.4 percent higher at 537 forint.

OTP Bank Nyrt. (OTP) , Hungary’s largest lender, declined 3.2 percent to 3,678 forint. Data on global jobs and China’s services industry raised concern about slower economic growth.

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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