Vienna Stock Exchange (afternoon): leading index continues to gain | 23.10.20



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The Vienna stock market continued to show higher prices on Friday afternoon. The leading national ATX index rose 0.93 percent to 2,186.63 points at 2.15 p.m., the ATX Prime rose 0.79 percent to 1,117.82 units. The ATX is still clearly stronger; however, he had to give up some of his earnings.

So far, good indications from the US stock exchanges and well-received purchasing manager indices have supported the markets. However, this support diminished somewhat towards the afternoon.

The purchasing managers’ index for the euro zone fell one point to 49.4 points in October and is therefore again below the 50 point mark; on average, however, analysts expected sentiment to deteriorate further. Eurozone service providers in particular are struggling with strong headwinds. The corresponding barometer fell from 48.0 points to 46.2 points, while the industry remains well above the growth threshold.

Despite the friendly vote from analysts, Palfinger lost 1.16 percent to 21.30 euros. Berenberg securities experts have confirmed the “Buy” target price and raised the target price from € 27 to € 29.

Power company Verbund is not cutting back on its investment plans due to the crown crisis, CEO Wolfgang Anzengruber said at the earnings show on Friday. Verbund shares have so far improved by 0.77 percent.

It emerged on Thursday that Immo intends to buy back up to 1 million of its own shares. That corresponds to about 1.36 percent of the share capital. The buyback program, which will take place on the stock exchange, will begin on October 28, 2020 and is expected to end on June 30, 2021. So far, the company’s shares have risen 1.45 percent.

Lenzing was able to brag again between individual values ​​and it was up significantly like the day before. The plus at the end of the week was 3.41 percent so far. Shares of the index heavyweights OMV (plus 2.12 percent) and Erste Group (plus 2.00 percent) were also in high demand. Most of the other bank stocks were firmer as well. BAWAG was up 1.24 percent and Raiffeisen Bank International was up 1.76 percent. Addiko fell against the industry trend by 1.88 percent.

(End) kat / ste

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