Hungary Stocks: OTP Bank, Richter, Mol Are Active in Budapest

Hungary’s benchmark BUX stock index fell 0.7 percent to 18,653.05 as of the close in Budapest. The following were among the most active equities in the Hungarian market today.

Stock symbols follow company names.

Gedeon Richter Nyrt. (RICHT) , Hungary’s biggest drugmaker, rose after the brokerage unit of KBC Groep NV increased its fair value estimate for the stock by 10 percent to 44,051 forint per share, maintaining a buy recommendation. The shares gained as much as 2 percent and last traded 0.3 percent higher at 37,200 forint.

OTP Bank Nyrt. (OTP) , Hungary’s largest lender, headed for a second month of declines on speculation the country will face further dispute with international lenders on the conditions of starting bailout negotiations. The shares fell 1.9 percent to 3,820 forint. That brings the stock’s retreat this month to 4.5 percent, following a 0.4 percent drop in February.

Mol Nyrt. (MOL) , Hungary’s largest refiner, fell 0.8 percent to 18,670 forint. Oil fell after the U.S. Energy Department said stockpiles rose the most in 20 months last week as imports surged.

To contact the reporter on this story: Andras Gergely in Budapest at

To contact the editor responsible for this story: Gavin Serkin at

Bloomberg reserves the right to 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.