OTP Bank Nyrt., Hungary’s largest lender, will have its weighting increased in the country’s benchmark index from Oct. 1 as part of the Budapest Stock Exchange’s semi-annual review.
Gedeon Richter Nyrt. climbed the most in more than two weeks as VTB Capital Plc said the drugmaker’s shares may rejoin MSCI Inc.’s basket of Hungarian equities.
Hungary’s equity index tumbled for an eighth day, heading for its longest stretch of losses since May 2006, as OTP Bank Nyrt., oil refiner Mol Nyrt. and drugmaker Gedeon Richter Nyrt. slumped more than 4 percent.
Egis Nyrt. jumped the most on record after the Hungarian drugmaker received a buyout offer from its majority owner Les Laboratoires Servier.
The benchmark BUX index fell 0.6 percent to 16,398.39 by the close in Budapest.