Bloomberg News

Hungarian Stocks Gain Third Day Led by OTP as Forint Advances

October 12, 2011

Oct. 12 (Bloomberg) -- Hungarian shares rose for a third straight day, led by gains in OTP Bank Nyrt., Hungary’s largest lender. The forint appreciated.

The benchmark BUX index of shares rallied 1.1 percent to 17,196 by 10:26 a.m. in Budapest. OTP, which has a 27 percent weighting in the BUX, jumped 1.8 percent to 3,360 forint. Hungary’s currency strengthened 0.5 percent to 293.6 per euro.

--Editors: Linda Shen, Peter Branton

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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