Bloomberg News

Hungary Stocks: E-Star Alternativ, OTP Bank Move in Budapest

July 02, 2012

The benchmark BUX (BUX) index fell 0.4 percent to 17,277.24 by the close in Budapest.

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

E-Star Alternativ Nyrt. (ESTAR) , a Hungarian energy company, dropped as much as 4 percent and last traded 0.8 percent lower at 1,240 forint. The government said late on June 29 it is suspending some payments to E-Star while reviewing contracts taken over from municipalities.

OTP Bank Nyrt. (OTP) , Hungary’s largest lender, fell 1.9 percent to 3,500 forint. The country’s central bank today said a plan to tax commercial bank deposits at the Magyar Nemzeti Bank would infringe on the monetary authority’s independence.

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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