Hungary’s equity index tumbled for an eighth day, heading for its longest stretch of losses since May 2006, as OTP Bank Nyrt., oil refiner Mol Nyrt. and drugmaker Gedeon Richter Nyrt. slumped more than 4 percent.
The BUX gauge of 13 companies slid as much as 4.7 percent and traded down 4.1 percent to 17,872.69 as of 3:02 p.m. in Budapest. OTP, Mol and Richter have a combined 78 percent weighting in the index.
To contact the reporter on this story: Krystof Chamonikolas in Prague at email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org