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VIENNA (dpa-AFX) – The Vienna Stock Exchange said goodbye to the weekend with a big negative on Friday. The leading ATX index fell 1.64 percent to 2206.24 points, and the overall ATX Prime lost 1.61 percent to 1127.25 points.
When futures exchanges fell sharply, the so-called Hexensabbat, futures and options on indices and individual stocks expired. The ATX started clearly weaker, was able to limit its interim losses after the midday auction, but then fell back to the morning level and then de-traded at this level.
However, BAWAG turned positive and took a 1.37 percent premium over the weekend. Amag also, initially among the clear losers, reversed the sign at the end of the trade and closed 2.75 percent stronger.
The slack in the US stock markets put a bit of pressure on the mood in the afternoon. In the United States, the current account deficit widened even more than expected in the second quarter, increasing by $ 59 billion, or 52.9 percent, to $ 170.5 billion. US consumer confidence improved more than expected in September, but the composite index of the main economic indicators remained somewhat below expectations.
At Erste Group (Erste Group Bank) there was a surprising loss of staff on the management floor: Erste’s board member Peter Bosek will resign at the end of the year. Moves to Tallinn and becomes the new CEO of Baltic Luminor Bank. Erste Group shares reacted with a 3.48 percent discount.
Shares of Raiffeisen Bank International (Raiffeisen) also closed down 2.02 percent. “Heavyweight financial stocks were, like their international industry peers, weighed down by this week’s Fed meeting with the prospect of continued low interest rates in the United States for years to come,” write experts at Erste Group shares.
At the bottom of the list at the end of the week, stocks of the OMV heavyweight index were trading at a 5.61 percent price loss. Palfinger (minus 3.48 percent) and Porr (minus 3.36 percent) were also among the big losers.
FACC drastically reduces its workforce in Austria. The initially communicated Reduction the company corrected from 700 at noon to 650 employees affected by a layoff. Stocks were 3.34 percent weaker since trade./kat/sto/APA/stw
