The MNB will be investigating whether insider influence was involved in the precipitous drops which dumped the overall BUX index 1.57% on Wednesday.
In trading on the Budapest Stock Exchange (BSE) on Wednesday, MOL shares lost 4.39% in value to fall to HUF 14,600 on an exchange-high turnover of HUF 8.58 billion, the damage precipitated by reportage and rumors that Norway’s Oil Fund could sell its 1.6% stake in the company due to the arrest warrant issued for CEO Zsolt Hernádi in relation to the infamous bribery case involving ownership in Croatia-based MOL peer INA and the downfall of a prime minister.
Richter stock meanwhile declined 0.97% to HUF 4,090 on turnover of HUF 4.74 billion due to a report that the pharma would be returning to a listing in the MSCI Index — but only weighted at 50% value.
Both stock prices were up slightly in yesterday’s trading, MOL regaining 0.32% in that day’s BSE-high trading of the stock and Richter was up 2.2%.
