Hungary Stocks: OTP Bank, Est Media Active in Budapest Trading

Hungary’s benchmark BUX (BUX) stock index fell for the first time in three days, down 0.3 percent to 17,551.57 by the close in Budapest.

The following were among the most active shares in the Hungarian market today. Stock symbols follow company names.

OTP Bank Nyrt. (OTP) , Hungary’s largest lender, fell as much as 3.8 percent and last traded 0.7 percent lower at 3,499 forint. The government failed to allay all of the European Central Bank’s concerns in a dispute that is holding up talks on a bailout deal for the country.

Est Media Vagyonkezelo Nyrt. (ESTMEDIA HB), a Hungarian entertainment company, rose as much as 11 percent and ended 2 percent higher at 101 forint. The stock’s 13 percent plunge in the previous two days pushed its 14-day relative strength index to 28 yesterday. Levels below 30 indicate to some technical analysts a security is oversold. The RSI last traded at 29.

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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