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Hungarian Shares Fall 8th Day, Head for Longest Rout Since 2006

Aug. 10 (Bloomberg) -- Hungary’s equity index tumbled for an eighth day, heading for its longest stretch of losses since May 2006, as OTP Bank Nyrt., oil refiner Mol Nyrt. and drugmaker Gedeon Richter Nyrt. slumped more than 4 percent.

The BUX gauge of 13 companies slid as much as 4.7 percent and traded down 4.1 percent to 17,872.69 as of 3:02 p.m. in Budapest. OTP, Mol and Richter have a combined 78 percent weighting in the index.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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