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

Mol Poised for 2-Week High Before MSCI Weight Boost Takes Effect

Nov. 30 (Bloomberg) -- Mol Nyrt., Hungary’s largest refiner, is heading for an almost two-week high before MSCI Inc. increases the stock’s weighting next week in a gauge tracked by investors.

The shares jumped as much as 2.1 percent before trading up 2 percent at 18,030 forint by 12:09 p.m. in Budapest. The amount of shares traded amounted to 40 percent of the three-month daily average, data compiled by Bloomberg show.

MSCI lifted Mol’s weighting 9.73 percentage points to 42.03 percent in its Hungary Index, effective Dec. 3, according to a report on its website on Nov. 15.

MSCI also boosted the weighting of Magyar Telekom Nyrt., the Hungarian unit of Deutsche Telekom AG, raising it by 2.32 percentage points to 10 percent, according to the report. The weighting of OTP Bank Nyrt., Hungary’s largest lender, will rise 11.11 percentage points to 47.97 percent, the report said.

To contact the reporter on this story: Ksenia Galouchko in Moscow at kgalouchko1@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.