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

June 28 (Bloomberg) -- The benchmark BUX index rose fell 1.2 percent to 16,783.26 by the close in Budapest, bringing its quarterly decline to 9.9 percent.

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, rose 1.3 percent to 3,403 forint as the International Monetary Fund acknowledged the government’s progress toward starting aid negotiations.

Mol Nyrt. (MOL HB), Hungary’s largest refiner, slid 3.1 percent to 15,700 forint. Oil fell for the first time in three days and economic confidence in the euro area slumped to the lowest level in more than 2 1/2 years in June ahead of a two-day summit of the region’s leaders.

Pannergy Nyrt. (PANNERGY HB), a Hungarian renewable energy company, after KBC Groep NV’s broker unit cut its recommendation for the stock to hold from buy. The stock dropped as much as 2.2 percent and closed 0.5 percent weaker at 590 forint.

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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