Hungary Stocks: OTP Bank, FHB Are Active in Budapest Trading

Hungary’s benchmark BUX stock index fell 2 percent to 18,749.76 by the close in Budapest. The following were among the most active equities in the Hungarian market today. Stock symbols follow company names.

OTP Bank Nyrt. (OTP) , Hungary’s largest lender, fell 3.9 percent to 3,870 forint after UBS AG downgraded its recommendation for the stock to “neutral” from “buy” and on concern Greece won’t get European aid in time to make its debt payments.

Foldhitel es Jelzalogbank Nyrt. (FHB HB), a Hungarian mortgage lender, declined 1.2 percent to 504 forint as delays to Greece’s rescue curbed demand for riskier emerging-market financial assets.

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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