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

26 Jun 2012

The benchmark BUX (BUX) index rose 1.1 percent to 16,990.11 by 10:23 a.m. in Budapest, the first day of gains in a week.

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

OTP Bank Nyrt. (OTP) , Hungary’s largest lender, advanced 0.9 percent to 3,440 forint. Hungary’s planned tax on financial transactions may include a ceiling or exemptions on certain transactions where the levy would be too high, news website reported, citing Adam Balog, deputy state secretary at the Economy Ministry.

Mol Nyrt. (MOL HB), Hungary’s largest refiner, jumped 2.2 percent to 15,930 forint. European stocks gained, with the Stoxx Europe 600 Index rebounding from its biggest drop in three weeks, as Italy and Spain prepared to sell debt ahead of this week’s European Union summit.