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Hungary Stocks: OTP, Gedeon Richter Move in Budapest Trading

July 16 (Bloomberg) -- The benchmark BUX index climbed for a second day, adding 1.2 percent to 17,220.52 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, gained 1.9 percent to 3,532 forint. The government wants to cooperate with the International Monetary Fund to obtain a credit line which will help cut the country’s borrowing costs, Prime Minister Viktor Orban said today. Negotiations are due to start tomorrow.

Gedeon Richter Nyrt. (RICHT HB), Hungary’s biggest drugmaker, rallied 0.7 percent to 36,855 forint. Emerging-market stocks rose for a second day on speculation central banks around the world will take steps to bolster economic growth.

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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