Bloomberg News

Hungary Stocks: Mol, Est Media Shares Are Active in Budapest

July 10, 2012

The benchmark BUX (BUX) index climbed 0.4 percent to 17,182.22 by the close in Budapest.

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

Mol Nyrt. (MOL) , Hungary’s largest refiner, advanced 2.8 percent to 16,540 forint. Emerging-market stocks rose for the first time in five days as European leaders moved to strengthen Spanish banks, easing concern the region’s debt crisis will hit economic growth and demand for developing nations’ exports.

Est Media Vagyonkezelo Nyrt. (ESTMEDIA HB), a Hungarian entertainment company, rallied the most in a month as a technical indicator signaled its decline was overdone. The shares increased 14 percent to 24 forint. The stock’s 13 percent plunge to a record low yesterday pushed its 14-day relative strength index to 17. RSI levels below 30 indicate to some analysts that a security is oversold. The RSI last traded at 25.

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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