Economy, Trade and Finance: Vienna Stock Conclusion – Limited Losses



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On the US stock exchanges, attention turned to a possible rapprochement between Republicans and Democrats in negotiations over a crown aid package. House spokeswoman Nancy Pelosi said a deal had almost been reached on the stimulus package.

There were only a few reports on the stock market at the company level. Bawag, AMAG, OMV and Palfinger will only present business figures in the next reporting season in the next business week.

Among heavyweights, OMV shares lost 1.72 percent as of the report date. At the lower end of the price list, Do & Co newspapers fell at a 3.7 percent discount. Palfinger’s papers were down 2.9 percent. By contrast, Lenzing’s stock ranked first in Vienna with a 3.5 percent lead.

Voestalpine closed moderately less than 0.12 percent. The steel and technology group has to write off around 200 million euros separately in the current financial year 2020/21 (at the end of March). That will affect the result. The company said it was primarily due to asset impairments at the pig iron mill in Texas.

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