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BUX up 1.42% at noon as Greek bailout news boosts sentiment

The Budapest Stock Exchange's blue-chip BUX index was up 1.42% at noon on Tuesday as the emergence of news that a fresh bailout package for Greece could be formulated by the middle of this week lifted the value of shares traded at bourses throughout Europe.

The BUX commenced afternoon trade up 323.45 points at 23,110.37 on a composite exchange turnover of HUF 5.39 billion.

BSE blue-chips stood as follows at Tuesday noon:

OTP Bank was up 2.58% at HUF 6,073 on an exchange-high turnover of HUF 4.05 billion;

Oil and gas company MOL was up 0.99% at HUF 23,380 on a turnover of HUF 569 million;

Magyar Telekom was up 0.75% at HUF 539 on a turnover of HUF 441 million;

Drug company Richter was up 0.72% at HUF 36,155 on a turnover of HUF 213 million.

Major European blue-chip stock indices were in positive territory at midday, with London's FTSE-100 up 1.08% and Frankfurt's Xetra DAX up 2.08%.

The BUX's central and eastern European high-cap peer indices were also higher at noon, with Prague's PX-50 up 0.68% and Warsaw's WIG-20 up 0.82%.