OTP Leads Hungarian Stocks Higher for Fifth Day Before Holidays

OTP Bank Nyrt. (OTP) led Hungarian shares higher for a fifth day, headed for the longest stretch of gains in almost two months before the country’s stock market closes for a two-day state holiday tomorrow.

Hungary’s biggest lender rose 2.1 percent to 4,011 forint by 9:42 a.m. in Budapest, extending its rally so far this year to 25 percent. The 11-member BUX (BUX) equity gauge, where OTP has a 29 percent weighting, advanced 1.1 percent.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.