Bloomberg News

Hungary Stocks: OTP Bank, Est Media Shares Move in Budapest

July 06, 2012

The benchmark BUX (BUX) index fell 1.3 percent to 17,096.31 by the close in Budapest, capping a 1.4 percent decline this week.

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, fell 0.6 percent to 3,540 forint, bringing its weekly decline to 0.8 percent. Slower-than-forecast growth in U.S. payrolls fueled concern the economic recovery is slowing.

Est Media Vagyonkezelo Nyrt. (ESTMEDIA HB), a Hungarian entertainment company, fell 14 percent to 24 forint, a record low. The company has slid 37 percent this week after saying it offered to sell a stake in Hungary’s biggest outdoor music festival following a failed bond sale.

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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