Vienna Stock Exchange (close) 2 – Strong demand for real estate stocks | 07.09.20



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The Vienna stock market closed on Monday in an extremely positive European trading environment with clear price increases. The leading national ATX index gained 1.55 percent to 2,251.66 points. For the broader ATX Prime, it was up 1.46 percent to 1,150.46 points.

Economic data from China and the eurozone provided a tailwind for stock prices in Europe on the first trading day of the week. Foreign trade in the People’s Republic of China grew faster in August than economists expected on average. Investment consultancy Sentix’s mood barometer for the euro zone rose 5.4 points to minus 8.0 points in September.

However, there was no new push from the United States. Commerce in the United States was suspended due to the Labor Day holiday.

Real estate values ​​were in demand in the industry on Monday. Immofinanz was up 3.7 percent after clear taxes on Friday. S Immo shares were up 3.5 percent.

For CA Immo it was up 3.9 percent. It was learned that the national group had increased its claims for damages against the Republic of Austria and the State of Carinthia because of the Buwog case from one million to two billion euros.

Mayr-Melnhof won 1.4 percent. The paper and board manufacturer had announced a renovation. Due to restructuring measures, 130 jobs will be lost at the Hirschwang ad Rax site in Lower Austria. The time for the pass is open, according to a spokesperson, a deployment is planned for this year.

Austrian construction giant Strabag is tasked with renovating a section of the Czech rail network, it was also announced. The order volume is equivalent to about 106 million euros. 66.5 percent of this is attributable to Strabag, the rest to a Czech partner. Shares of the domestic group lost 0.4 percent, but limited progress losses of more than one percent.

Telekom Austria shares rose 0.5 percent on Monday. The domestic company won the contract to transmit European television images across the Atlantic to the US for a US broadcast platform.

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