OTP Leads Hungarian Stocks Higher for Fifth Day Before Holidays

March 14 (Bloomberg) -- OTP Bank Nyrt. 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 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