Bloomberg News

Mol Leads Gains in Hungary Stocks as German Confidence Climbing

June 26, 2012

Mol Nyrt. led gains in Hungary’s stocks as German consumer confidence topped forecasts and U.S. house prices fell at the slowest pace in more than a year, boosting bets on recovery in the world economy.

The shares of Hungary’s largest refiner rose 1.9 percent to 15,880 forint by 4:17 p.m. in Budapest, paring its decline this quarter to 13.7 percent. The benchmark BUX Index added 0.7 percent to 16,938.27.

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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