VIENNA (dpa-AFX) – The Vienna Stock Exchange ended the session on Friday with clear surcharges. The ATX leading index rose by 1.07 percent to 3,217.97 units, while the broader ATX prime gained a somewhat less pronounced 0.87 percent to 1,640.20 points.
The domestic share barometer moved over long distances with moderate price gains – a friendly Wall Street opening and the announcement of a wide opening in Austria after the Corona restrictions from May 19 then provided a significant boost.
In addition, there was also positive impetus from the economy. In the euro zone, the Markit purchasing managers’ index rose surprisingly in April by 0.5 to 53.7 points, while analysts had expected a decline to 52.9 points. In addition, the US economy grew at a record pace in April. The purchasing managers’ index for the private sector climbed here by 2.5 to 62.2 points. No higher value has been determined since data collection began in 2009.
Among the individual stocks, the UBM papers were the focus of investor interest in Vienna. Following the presentation of results and friendly analyst comments, the stocks rose by 3.87 percent and closed at 40.30 euros. The sales of the real estate developer collapsed by almost a quarter to 183 million euros in 2020. The result was also significantly lower, but better than expected. In response, Baader Bank confirmed its “Buy” recommendation and the price target of EUR 41. Warburg Research also continues to recommend buying the shares, with the price target remaining at EUR 48.50.
Addiko headed the list of course winners after a strong finish with a premium of 7.48 percent. The heavily weighted banks also closed consistently more tightly, thus also pulling the ATX up. Raiffeisen Bank International climbed 1.25 percent, BAWAG gained 2.26 percent and Erste Group, which had been even weaker over the course of the year, turned positive and went 0.99 percent higher into the weekend.
Polytec, which published figures for 2020 the day before, could not benefit from friendly analyst comments and went down 0.94 percent to EUR 10.50. The securities experts at Baader Bank have confirmed their “Buy” recommendation as well as the price target of EUR 12.00 for the shares and have raised their earnings estimates. You will still see the titles as “Top Pick”. Warburg Research also continues to give a “Buy” recommendation; the price target has been increased from EUR 12 to EUR 16.
Strong price movements among the individual values were also completed by Verbund and rose by 3.52 percent. The day before, the utility’s shares had climbed more than five percent. The titles of the industry colleague EVN also closed with a gain of 0.53 percent. Construction stocks went down. Porr formed the light on the price list with a minus of 4.10 percent. Strabag took a share price loss of 2.38 percent with them into the weekend./kat/sto/APA/nas
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