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Hungarian Stocks: OTP Bank, Refiner Mol Are Active in Budapest

March 14 (Bloomberg) -- Hungary’s benchmark BUX stock index rose for a fifth day, advancing to the highest in more than a month, climbing 1.3 percent to 19,378 by the end of trading in Budapest.

The following were among the most active equities in the Hungarian market today, which will be closed for a two-day state holiday starting tomorrow. Stock symbols follow company names.

OTP Bank Nyrt. (OTP HB), Hungary’s largest lender, climbed as much as 2.8 percent to 4,039 forint after the Federal Reserve bolstered confidence in the U.S. banking system and raised its economic assessment, boosting demand for risker assets worldwide. The shares closed 0.5 percent lower at 3,912 forint.

Mol Nyrt. (MOL HB), Hungary’s largest oil refiner, climbed 2.8 percent to 19,950 forint, its sixth day of gains. Wood & Co. raised its price estimate for the stock today to 23,300 forint from 22,950 forint, saying the current price does not fully reflect the value of Mol’s new oil wells in Iraq.

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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