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The Vienna Stock Exchange last posted price gains on Tuesday morning. The leading Austrian ATX index rose 0.43 percent to 2,226.48 points around 10 a.m. after initially falling at the opening of trading.
Most of the European stock market environment was also favorable. Purchasing manager indices released in the morning showed a better-than-expected industrial mood for Italy, while Spain’s barometer clearly fell short of analysts’ forecasts. An initial estimate that has already been published has been revised upwards for France and slightly downwards for Germany. That for the entire euro area was confirmed.
On the company side, Zumtobel presented business figures. In the first quarter of fiscal 2020/21, sales of the Vorarlberg lighting group fell 15.4 percent to 250.8 million euros as a result of the crown crisis. The result for the period collapsed by more than 71 percent to 3.1 million euros, but remained positive. The share initially fell more than 1 percent at the opening of operations, but then turned positive and recently traded 0.63 percent more.
Strabag shares, which were among the biggest winners in the main market with a plus of 1.55 percent, began to rally. The day before, the title of the construction company had been under pressure after the presentation of the business figures for the first half of the year and had lost 1.71 percent.
Among heavyweights, voestalpina (plus 1.20 percent) and Verbund (plus 0.93 percent) were in demand in the morning, while OMV fell slightly by 0.29 percent and Erste Group recently tended to close the previous day.
The strongest value of ATX in the morning was AT&S shares with a 2.10 percent price increase, ahead of Mayr-Melnhof with a 1.67 percent increase. On the other hand, Do & Co fell to the lower end of the leading index with a price discount of 1.36 percent. Across the core market segment, Addiko Bank (minus 2.78 percent) and Polytec (minus 1.54 percent) fell even more dramatically.
(End) dkm / ger
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