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BUX down 0.13% at noon

BUX down 0.13% at noon as Bernanke boost proves ephemeral The Budapest Stock Exchange's blue-chip BUX index was down 0.13% noon on Thursday, falling gradually into negative territory from early gains of nearly 1% stemming Federal Reserve Chairman Ben Bernanke's Wednesday suggestion that the Fed would continue its low-interest policy and economic-stimulus program.

The BUX commenced afternoon trade 30.31 points lower at 24,080.72 on a turnover of HUF 4.9 billion falling over 270 points from an intra-session high of 24,352.01 reached shortly after morning bell.

BSE blue-chips stood as follows at Thursday noon:

Magyar Telekom was down 0.66% at HUF 605 on a turnover of HUF 335 million;

Drug company Richter was down 0.65% at HUF 37,655 on a turnover of HUF 120 million;

OTP Bank was down 0.16% at HUF 6,365 on an exchange-high turnover of HUF 3.42 billion

Oil and gas company MOL was up 0.62% at HUF 22,400 on a turnover of HUF 895 million.

Major European blue-chip stock indices were higher at midday, with London's FTSE-100 up 0.04% and Frankfurt's Xetra DAX up 0.40%.

The BUX's central and eastern European high-cap peer indices were lower at noon, with Prague's PX-50 down 0.40% and Warsaw's WIG-20 down 0.02%.