Breaking News


Hungary Stocks: OTP Bank, MOL, Magyar Telekom Move in Budapest

The benchmark BUX (BUX) index fell 1.7 percent to 17,493.18 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, retreated for a second day as a cut in the Federal Reserve’s growth estimates for the U.S. and data on American jobs, housing and manufacturing deepened concern the global economy is slowing. The shares declined 2.2 percent to 3,687 forint.

Mol Nyrt. (MOL) , the country’s biggest refiner, slumped 2.8 percent to 16,285 forint. Oil tumbled below $80 a barrel for the first time in eight months.

Magyar Telekom Nyrt. (MTELEKOM HB), the Hungarian unit of Deutsche Telekom AG, rose 0.7 percent to 455 forint after the European Union queried Hungary’s telecommunications tax.

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.