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

Hungary’s benchmark BUX (BUX) index fell 0.2 percent to 18,184.64 by the close in Budapest after the biggest rally since November yesterday.

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, rose 0.8 percent to 3,841 forint, extending its three-day gain to 14 percent. The European Commission yesterday approved Hungary’s request to start talks on a bailout today, five months after the government requested the aid.

Mol Nyrt. (MOL HB), Hungary’s largest refiner, fell 0.7 percent to 17,860 forint after jumping 5.8 percent yesterday. Mol expects the lack of output in Syria to “significantly” weigh on upstream earnings, Chief Executive Officer Jozsef Molnar told shareholders today as the cease-fire in the Middle Eastern nation crumbled. Mol may sell its stake in the Nabucco gas pipeline project, Mol Chairman Zsolt Hernadi told reporters at the same meeting.

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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