Bloomberg News

Hungary Stocks: Mol, OTP Bank Shares Move in Budapest Trading

July 19, 2012

The benchmark BUX (BUX) index dropped 0.1 percent to 17,309.45 by the close in Budapest, the first decline in five days.

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

Mol Nyrt. (MOL HB), Hungary’s largest refiner, rose for a fourth day after its oil exploration partner Gulf Keystone Petroleum Ltd. raised estimates for oil in Iraq’s Kurdistan region. The shares advanced 0.7 percent to 16,920 forint.

OTP Bank Nyrt. (OTP) Hungary’s largest lender, slid 0.6 percent to 3,451 forint. The aim of getting 50 percent of the nation’s banking system into “Hungarian hands” is a key part of the country’s new economic model, Prime Minister Viktor Orban said today. The International Monetary Fund and the European Union disagreed with the government’s growth forecast at the start of aid talks, chief negotiator Mihaly Varga said.

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


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus