March 23 (Bloomberg) -- Magyar Telekom Nyrt. increased for a second day after the biggest phone company in Hungary proposed a dividend of 50 forint per share from 2011 profit.
The stock advanced 0.9 percent to 575 forint by 10:32 a.m. in Budapest, paring weekly losses to 0.5 percent. The 11-member BUX gauge, where Magyar Telekom has a 14 percent weighting, rose 0.4 percent, snapping a four-day selloff.
To contact the reporter on this story: Krystof Chamonikolas in Prague at email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org