Mol Declines First Day in Three, Leads Hungarian Shares Lower

Mol Nyrt. (MOL), Hungary’s largest refiner, fell for the first time in three days, leading the country’s shares lower.

The shares dropped 1.9 percent to 15,150 forint by 10:13 a.m. in Budapest. The benchmark BUX stock index, in which Mol has the largest weighting at 31 percent, declined 1.1 percent.

Oil fell for a fifth day in New York to the lowest price in almost eight months on signs of an economic slowdown in the U.S. and China.

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

Press spacebar to pause and continue. Press esc to stop.

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.