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

Hungary’s benchmark BUX stock index dropped 0.9 percent to 19,053.07 as of the close in Budapest. The following are among the most active equities in the Hungarian market today. Stock symbols follow company names.

Mol Nyrt. (MOL), Hungary’s largest refiner, dropped the most in more than a month on concern the government will face delays in international bailout talks. The shares fell 2.3 percent to 19,200 forint, the steepest decline since Feb. 10.

OTP Bank Nyrt. (OTP) , Hungary’s largest lender, fell 1.5 percent to 3,891 forint. The bank had its recommendation cut to underweight from equalweight at Morgan Stanley, which reduced its price target for the stock by 16 percent to 3,600 forint.

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

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.