Bloomberg News

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

July 13, 2012

The benchmark BUX (BUX) index climbed 0.4 percent to 17,048.92 by 11:42 a.m. in Budapest, trimming its decline this week to 0.3 percent.

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

Egis Gyogyszergyar Nyrt. (EGIS) , a drugmaker, rose 0.9 percent to 15,280 forint. Erste Group Bank AG’s broker unit reiterated its buy rating for the stock, saying the shares remain undervalued with “favorable” fundamentals.

OTP Bank Nyrt. (OTP) , Hungary’s largest lender, rallied 1.1 percent to 3,445 forint. European stocks gained as China reported the slowest expansion in three years, fueling speculation policy makers will add to stimulus measures.

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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