OTP Leads BUX to Longest Rally in Eight Months: Budapest Mover
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OTP Bank Nyrt., Hungary’s largest lender, led the country’s stocks to the longest streak of gains in eight months on speculation the European Central Bank’s plan to buy euro area bonds will ease the region’s debt crisis.
The shares jumped 1.9 percent to 3,850 forint by 11:12 a.m. in Budapest. The benchmark BUX index rallied 1.4 percent to 18,200.17 in a sixth day of advances, the longest such series since January.