Hungarian Stocks: OTP Bank, Magyar Telekom Move in Budapest
Hungary’s benchmark BUX stock index rose 2.1 percent to 19,147.54 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, pared its weekly decline as the country’s stocks advanced on speculation Greece will get a second bailout and as Hungary worked to obtain its own rescue. The shares climbed 1.9 percent to 3,945 forint.
Magyar Telekom Nyrt. (MTEL) , Hungary’s former phone monopoly, increased the most since May 2010 as a drop in government bond yields made the company’s dividends more appealing to investors, according to Concorde Ertekpapir Zrt. The shares rallied 5.5 percent to 573 forint.
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