Hungary Stocks: Gedeon Richter, OTP Bank Are Active in Budapest

Hungary’s benchmark BUX stock index was little changed at 18,781.52 as of 10:44 a.m. in Budapest. The following are among the most active equities in the Hungarian market today.

Stock symbols follow company names.

Gedeon Richter Nyrt. (RICHT) , Hungary’s biggest drugmaker, rose the most in two weeks after the brokerage unit of KBC Groep NV increased its fair value estimate for the stock by 10 percent to 44,051 forint per share, maintaining a buy recommendation. The shares gained 1.7 percent to 37,745 forint.

OTP Bank Nyrt. (OTP) , Hungary’s largest lender, headed for a second month of declines, on speculation the country will face further dispute with international lenders on the conditions of starting bailout negotiations. The shares fell 0.5 percent to 3,875 forint. That brings the stock’s decline this month to 3.1 percent, following a 0.4 percent drop in February.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

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

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