OTP’s shares are already down 4.8 percent in today’s trading, and with the current drop, the price is below HUF 10,000 again.
Although the traffic is minimal, it is above average. During the day so far, more than HUF 1.39 billion worth of shares in the bank have changed hands.
Another cause for concern is that the exchange rate level of HUF 10,000, which is also crucial from a psychological point of view, has fallen, below which the fall may accelerate. In this case, the next support can be the 200-day moving average located at the HUF 9,500 level.
The mood in the market of regional bank shares is also particularly bad, the shares of the Austrian Raiffeisen fell the most, by more than 5 percent.
Cover image source: Getty Images