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VIENNA (dpa-AFX) – The Vienna Stock Exchange closed with clear gains after a day of losses the previous Wednesday. The ATX rose 2.24 percent to 2039.23 points. Across Europe, stock exchanges have started a recovery rebound after an irregular start to the week. A drop in oil prices on Monday and Tuesday had put significant pressure on the markets; However, the pressure should have eased with very clear premiums in North Sea Brent on Wednesday.
The heavy OMV shares that had been abused the previous day (plus 6.1 percent) closed with clear benefits. Erste Group stocks, which are also heavyweight, also rose 5.2 percent. Meanwhile, Immofinanz focused on the individual values. The real estate company increased its net profit in 2019 by almost two thirds. The dividend for 2019 should not be decided until the semi-annual figures are released in August. The real estate company’s securities closed 3.4 percent firmer.
Agrana’s shares, on the other hand, fell 0.4 percent. The fruit, sugar and starch group presented preliminary figures for the 2019/20 fiscal year shortly before the market closed. The group increased its operating profit (EBIT) by 31 percent compared to 2018/19. Sales increased slightly by 1.5 percent. However, the dividend will drop from 1.00 euros to 0.77 cents.
Andritz shares rose 1.3 percent. The plant manufacturer received an order from the Chinese copper company Northern Copper Industry to supply a cold rolling mill ./sto/dkm/APA/eas
