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Hungary Stocks: OTP Bank, CIG Pannonia Shares Move in Budapest

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May 22 (Bloomberg) -- The benchmark BUX index rose 0.9 percent to 16,747.55 by the close in Budapest, a third day of gains, the longest such streak since March 14.

The following were among the most active shares in the Hungarian market today. Stock symbols follow company names.

OTP Bank Nyrt. (OTP HB), the country’s largest lender, advanced as much as 2.1 percent and last rose 0.4 percent to 3,535. forint. Speculation that China and the euro area will do more to bolster economic growth boosted demand for riskier assets.

CIG Pannonia Eletbiztosito Nyrt. (PANNONIA HB), a Hungarian life insurer, fell 7.7 percent to 286 forint, a record low, after reporting yesterday that its net loss widened 76 percent in the first quarter.

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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