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The Vienna stock market remained clearly positive at noon on Friday. The national benchmark ATX index was up 1.36 percent to 2,195.97 points at 12:00 p.m., the ATX Prime was up 1.20 percent to 1,122.44 units. With this strong performance, the leading index could still achieve a small weekly plus. Friendly guidelines from the US and Asia lifted spirits in Europe.
Also, the markets were supported by the well received data from the purchasing manager. The euro zone index fell one point to 49.4 points in October and is therefore again below the 50 point mark; however, analysts had anticipated an even stronger deterioration in confidence on average. In Germany, the index, which summarizes the businesses of the industry and service providers, fell 0.2 to 54.5 points, but remained well above the 50 mark, from which it signals growth. Economists had expected a steeper decline to 53.2 points.
In Vienna, the news was fairly quiet ahead of the start of the reporting season next week. There was an analyst opinion on Palfinger: Berenberg analysts have confirmed the “Buy” target price and raised the target price from € 27 to € 29. However, the titles fell 1.62 percent to 21.20 euros.
Last night it was announced 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 gained 0.29 percent. Industry colleagues UBM (plus 2.13 percent) and CA Immo (plus 1.57 percent) were firmer. Immofinanz was up 1.31 percent.
The Verbund power company is not cutting back its investment plans due to the crown crisis. That’s what CEO Wolfgang Anzengruber said Friday at the earnings show. Verbund shares had gained 2.03 percent at noon.
In individual stocks, Lenzing, which had already risen strongly the day before, stood out: With a 4.67 percent lead, the stocks moved to the top of winning prices in the main market. Index heavyweights were also able to post a 2.67 percent price increase. On the other hand, Warimpex was at the lower end of the list, falling 6.31 percent.
In an industry comparison, bank stocks were in high demand. Erste Group gained 2.31 percent, BAWAG was up 1.00 percent and Raiffeisen Bank International improved 0.38 percent.
(Conclusion) kat / mik
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