Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Hungary Stocks: OTP Bank, CIG Pannonia Move in Budapest Trade

June 22 (Bloomberg) -- The benchmark BUX index fell for a third consecutive day, down 1.5 percent to 17,232.59 by the end of trading in Budapest, capping a 0.1 percent weekly drop.

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

OTP Bank Nyrt. (OTP HB), Hungary’s largest lender, retreated 4.1 percent to 3,535 forint in the biggest slump in almost a month. German business confidence fell to the lowest in more than two years in June as the worsening sovereign debt crisis clouded the economic outlook for Hungary’s biggest trading partner.

CIG Pannonia Eletbiztosito Nyrt. (PANNONIA HB), a Hungarian life insurer, rose 3 percent to 305 forint, the only stock in the 11-member BUX basket to rise more than 1 percent today. The European Union is considering phasing in new capital rules for the life insurance industry over seven years, easing the burden on insurers who had criticized the changes.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.