VIENNA (dpa-AFX) – The Vienna Stock Exchange ended trading with significant discounts on Wednesday. The ATX leading index fell 1.42 percent to 3402.02 points. The ATX also had a deep red trading day, burdened by weak European investor sentiment.
At the end of the month, market participants missed the positive trading impulses. In an industry analysis, the heavily weighted banks in Vienna were particularly under pressure to sell. Erste Group became cheaper by a substantial 2.3 percent. Raiffeisen Bank International fell 1.8 percent and Bawag fell 2.1 percent.
Values from the oil sector were also avoided. The titles of the Lower Austrian oil field supplier Schoeller-Bleckmann fell by 1.8 percent. OMV share certificates lost 1.7 percent.
According to a more positive analyst opinion, AT&S lost a comparatively moderate 0.3 percent to 36.50 euros. The Erste Group experts have raised their target price for the stocks significantly from EUR 33.0 to EUR 45.0. The “Buy” recommendation for the PCB manufacturer’s share was also confirmed.
Zumtobel closed at a discount of 3.2 percent, after an increase of almost six percent the previous day. With a strong fourth quarter, the Vorarlberg lighting group achieved a significantly higher net profit in the 2020/2021 financial year than in the previous year. The analysts of the Erste Group wrote in an initial assessment that the preliminary business figures were confirmed.
Flughafen Wien titles fell slightly by 0.2 percent to 29.25 euros. Berenberg Bank contacted us and confirmed the “Buy” recommendation for shares in Austria’s largest airport as part of a sector study. The price target of EUR 36.00 was also left unchanged.
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