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.
Hungary’s BUX Index rose 654.99, or 3.7 percent, to 18,475.14 by 4:42 p.m. in Budapest, the highest level since Oct. 3.
The weighting of Hungary’s largest lender, OTP Bank Nyrt., will rise in the Budapest Stock Exchange’s benchmark BUX Index on Oct. 1 to 29.5 percent from 23.5 percent set on March 24, the bourse said today.
Hungary’s stock index fell, paring this week’s advance as OTP Bank Nyrt., oil refiner Mol Nyrt. and drugmaker Gedeon Richter Nyrt. slid more than 1.7 percent.