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Hungary Stocks: OTP Bank, Mol Shares Move in Budapest Trading

June 29 (Bloomberg) -- The benchmark BUX index rose 3.3 percent to 17,341.07 by the close in Budapest, paring its quarterly decline to 7 percent.

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

Mol Nyrt. (MOL HB), Hungary’s largest refiner, jumped 3.8 percent to 16,300 forint. Oil surged from the lowest level in nine months in New York after European leaders agreed to relax conditions on emergency loans for Spanish banks and on possible help for Italy.

OTP Bank Nyrt. (OTP HB), Hungary’s largest lender, rose 4.9 percent to 3,570 forint. Amendments to a central bank law indicate the Hungarian government is ready to respect the Magyar Nemzeti Bank’s independence, the European Central Bank said on its website today, referring to a law which has blocked talks on a $19 billion International Monetary Fund credit line for seven months.

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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