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Hungary Stocks: OTP Bank, Refiner Mol Active in Budapest Trading

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March 5 (Bloomberg) -- Hungary’s benchmark BUX stock index dropped 1.6 percent to 19,005.86 at the close in Budapest.

The following were among the most active equities in the Hungarian market today. Stock symbols follow company names.

OTP Bank Nyrt. (OTP HB), Hungary’s largest lender, fell the most since Feb. 16 after Prime Minister Viktor Orban’s spokesman said European Union finance ministers will approve a proposal to cut Hungary’s development subsidies for exceeding the bloc’s deficit limits. The shares slid 2.3 percent to 3,941 forint.

Mol Nyrt. (MOL HB), Hungary’s biggest refiner, weakened 0.7 percent to 18,760 forint. Oil declined , extending last week’s loss amid concern that consumption will slow in China after the country lowered its growth goal.

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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