Trade in Richter shares suspended after big price rise

In Hungary

Trade in shares of drugmaker Richter Gedeon was suspended at 12:28 on Wednesday after rising past the price change threshold.

Stock exchange rules require shares that fluctuate more than 10% from their previous close to be suspended for several minutes.

Richter's share price rose after it announced positive results for phase III clinical trials of an antipsychotic it is developing with US-based Forest Laboratories.

The share price was at HUF 34,600, up 11.97%, at 12:59, after the suspension was lifted.

ADVERTISEMENT

Number of Liquidations Increasing Rapidly Figures

Number of Liquidations Increasing Rapidly

Varga Meets With Chinese Business Leaders Int’l Relations

Varga Meets With Chinese Business Leaders

AutoWallis May Increase Planned Sales Due to Strong Performa... Automotive

AutoWallis May Increase Planned Sales Due to Strong Performa...

International Writers Amongst Visitors at PesText Festival Art

International Writers Amongst Visitors at PesText Festival

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.