Mol Gains for Second Day on Hungary Investment: Budapest Mover
The shares rose 0.5 percent to 18,435 forint by 10:03 a.m. in Budapest. The benchmark BUX stock index was little changed at 18,714.71.
The plans, which accelerate previously announced investment projects, include the construction of a plant in Tiszaujvaros, Hungary, for a new product serving as the raw material of synthetic rubber, and the reconstruction of pipelines and storage, Mol said.
The investment announcement is “positive” for the stock, Levente Blaho and Adam Keszeg, analysts at Raiffeisen Bank International AG (RBI), wrote in a research report today.
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