BUX down 0.57% at noon, losing as European blue-chip peers gain

The Budapest Stock Exchange's BUX index was down 0.57% at noon on Thursday, losing in spite of forenoon gains from blue-chip indices throughout Europe.
The BUX commenced afternoon trade 104.71 points lower at 18,381.34 on a composite exchange turnover of HUF 4.76 billion.
BSE blue-chips stood as follows at Thursday noon:
OTP Bank was down 1.19% at HUF 4,230 on an exchange-high turnover of HUF 3.22 billion;
Magyar Telekom was down 0.78% at HUF 508 on a turnover of HUF 293 million;
Oil and gas company MOL was down 0.29% at HUF 17,000 on a turnover of HUF 1.13 billion;
Drug company Richter was down 0.17% at HUF 34,940 on a turnover of HUF 63 million.
Major European blue-chip stock indices were in positive territory at midday, with London's FTSE-100 up 0.86% and Frankfurt's Xetra DAX up 1.19%.
The BUX's central and eastern European high-cap peer indices were also higher at noon, with Prague's PX-50 up 1.15% and Warsaw's WIG-20 up 0.57%.
ADVERTISEMENT
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.