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Hungary Stocks: OTP Bank, Egis Are Active in Budapest Trading

July 13 (Bloomberg) -- The benchmark BUX index climbed 0.3 percent to 17,021.96 by the close in Budapest, trimming its decline this week to 0.4 percent.

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

Egis Gyogyszergyar Nyrt. (EGIS HB), a drugmaker, rose 1.5 percent to 15,380 forint. Erste Group Bank AG’s broker unit reiterated its buy rating on the stock, saying the shares remain undervalued with “favorable” fundamentals.

OTP Bank Nyrt. (OTP HB), Hungary’s largest lender, rallied 1.7 percent to 3,465 forint. European stocks gained as China reported the slowest expansion in three years, fueling speculation policy makers will add to stimulus measures, boosting appetite for riskier assets.

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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