Vienna Stock Market Expected To Be Firmer Before Trading Day | 03/09/20



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The Vienna Stock Exchange should open in positive territory on Thursday. An indication in the leading Austrian ATX index pointed to a 0.65 percent increase just under half an hour before the start of trading. The futures of the main European exchanges also point to a positive start to trading.

The United States once again provided encouraging information. On Wall Street, the rally continued the night before, with the Nasdaq technology exchange and the S&P 500 overall reaching new all-time highs.

On the corporate side, the news situation in the domestic market is very weak as the day before. The composition of the ATX, the index of the most important companies on the Vienna Stock Exchange, will remain unchanged over the next few months. However, brick maker Wienerberger is moving to the top 5 instead of the BAWAG Group, the Vienna Stock Exchange announced Wednesday night. The trigger was Wienerberger’s largest floating capitalization in the past five days.

On Wednesday, the ATX closed 0.15 percent easier at 2,216.09 points. On the other hand, there were strong price gains in the main European exchanges in the middle of the week.

Bank stocks were under selling pressure across Europe and the domestic index heavyweights followed suit. This had a notable impact on the ATX. Erste Group shareholders had to record a 2.1 percent price loss. Raiffeisen Bank International came back after a 1.1 percent gain.

The biggest winners in the main market on Wednesday:

Lenzing + 3.93% 43.65 euros Frequentis + 3.01% 17.10 euros Association + 2.83% 46.52 euros

The biggest losers in the main market on Wednesday:

Palfinger -3.13% 21.65 Euro Polytec -2.67% 5.10 Euro AT&S -2.17% 16.24 Euro

(End) ste / ger

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