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The Vienna Stock Exchange closed its operations on Friday with clear discounts. The ATX National Advantage Index lost 0.81 percent to 2,632.17 points, but was able to move further and further away from its lows towards the end of the session. The ATX Prime lost 0.78 percent to 1,338.26 units. The main issue at the end of the week was concern over the impending failure of a trade deal between the EU and Britain.
The head of the EU Commission, Ursula von der Leyen, now considers a Brexit trade pact with Britain less likely than a “no deal” at the turn of the year. British Prime Minister Boris Johnson once again described Britain’s exit from the EU without a trade deal as “very, very likely.” Britain and the EU have set a deadline of Sunday. Then it must be decided whether a trade agreement for the period from January 2021 is possible or not.
Among the biggest losers of Friday’s session in Vienna was Addiko, which closed down 4.37 percent. The heavyweight of the Erste Group index lost 2.04 percent, at Raiffeisen Bank International it was 0.67 percent. BAWAG fell 1.36 percent. Like the day before, financial stocks were clearly under selling pressure.
Shares related to the aviation industry also had to give up: the FACC cut it 4.57 percent, catering company Do & Co fell 0.95 percent, and Vienna airport fell 0.56 percent. cent to 26.80 euros. Erste Group has raised its target price for the airport shares from EUR 27.3 to EUR 29.5 and confirmed the “Hold” recommendation.
At Agrana, Erste Group securities experts lowered the target price from € 19.9 to € 18.0 and confirmed the “Hold” rating. The newspapers ended the meeting after a much lower course with a premium of 1.23 percent at 16.48 euros. Warimpex posted the largest daily gain with a premium of 2.20 percent. Mayr-Melnhof closed 1.80 percent and Marinomed was up 1.69 percent.
Wienerberger investors can look forward to it too: the company has raised its forecast for adjusted operating profit (EBITDA) for 2020. Instead of the 480 to 500 million previously forecast, according to the company, around 545 million euros are now on the horizon. . In addition, the group announced acquisitions, but without giving details. The shares reacted with a strong price increase of 1.93 percent.
(Cont.) Cat / ste
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