Bloomberg News

Hungary Stocks: Oil Refiner Mol, OTP Bank Are Active in Budapest

June 12, 2012

Hungary’s BUX (BUX) equity index increased 0.6 percent to 16,889.03 by the end of trading in Budapest, after falling 1.3 percent yesterday.

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

Mol Nyrt. (MOL) , Hungary’s largest oil refiner, climbed 1.2 percent to 16,500 forint, snapping a two-day drop. Today is the last day shares trade with the right to a 454.54 forint dividend from 2011 earnings.

OTP Bank Nyrt. (OTP) , the country’s biggest lender, rallied as much as 1.3 percent as lawmakers may vote within two weeks on amendments to the central bank law that take into account criticism from the European Central Bank, Nepszabadsag newspaper reported, citing politicians from the ruling Fidesz party. Bringing the central bank law in line with ECB requirements may unblock bailout talks with the International Monetary Fund and the European Union.

The stock pared gains to less than 0.1 percent at 3,390 forint after Fitch Ratings cut its assessment of 18 of Spain’s banks amid concern Europe’s debt crisis is worsening.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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