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Hungary Stocks: OTP Bank, Oil Refiner Mol Move in Budapest

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July 11 (Bloomberg) -- The benchmark BUX index strengthened 0.7 percent to 17,309.11 by the close in Budapest.

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

OTP Bank Nyrt. (OTP HB), Hungary’s largest lender, dropped 0.6 percent to 3,450 forint in a fifth day of losses. Emerging-market stocks fell on concern a deepening global economic slowdown will weigh on earnings. Hungarian Prime Minister Viktor Orban said he won’t give in to potential European Central Bank demands to change a financial transaction tax. The country also won’t introduce taxes on real estate or wealth in exchange for a bailout deal, Orban said.

Mol Nyrt. (MOL HB), Hungary’s largest refiner, rose for a second day after oil climbed as the U.S. Energy Department reported crude supplies dropped. The shares increased 1.5 percent to 16,790 forint

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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