OTP Bank Rises, Driven by Supportive Global Investor Sentiment

OTP Bank Nyrt. (OTP), Hungary’s largest lender, snapped two days of declines, supported by an improvement in global market sentiment.

“The rising trend in the U.S. is unrelenting, global sentiment seems to be returning to positive trend,” Zsolt Balasy, a stock analyst at Bayerische Landesbank AG’s local unit, said on the phone.

OTP shares rose 0.9 percent to 3,858 forint by 10:45 a.m. in Budapest, helping the benchmark BUX stock index advance 0.4 percent to 19,020.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@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.