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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.

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