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Hungary Stocks: OTP Bank, Richter, Mol Are Active in Budapest

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March 28 (Bloomberg) -- Hungary’s benchmark BUX stock index fell 0.7 percent to 18,653.05 as of the close in Budapest. The following were among the most active equities in the Hungarian market today.

Stock symbols follow company names.

Gedeon Richter Nyrt. (RICHT HB), Hungary’s biggest drugmaker, rose after the brokerage unit of KBC Groep NV increased its fair value estimate for the stock by 10 percent to 44,051 forint per share, maintaining a buy recommendation. The shares gained as much as 2 percent and last traded 0.3 percent higher at 37,200 forint.

OTP Bank Nyrt. (OTP HB), Hungary’s largest lender, headed for a second month of declines on speculation the country will face further dispute with international lenders on the conditions of starting bailout negotiations. The shares fell 1.9 percent to 3,820 forint. That brings the stock’s retreat this month to 4.5 percent, following a 0.4 percent drop in February.

Mol Nyrt. (MOL HB), Hungary’s largest refiner, fell 0.8 percent to 18,670 forint. Oil fell after the U.S. Energy Department said stockpiles rose the most in 20 months last week as imports surged.

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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