Vienna Stock Exchange (opening) – ATX gains 1.1 percent in the morning | 11/25/20


The Vienna Stock Exchange trended more firmly on Wednesday morning and thus clearly prolonged the latest upward surge. The domestic lead index ATX rose by a further 1.10 percent to 2,598.75 points at around 9.45 a.m. On the two previous days it had already increased by around 2.7 percent.

Wall Street once again provided strong guidelines. There the Dow Jones had passed the 30,000 point mark for the first time in its history the previous evening. There is also a predominantly positive trend to be seen on the leading European exchanges.

At company level, the Do & Co titles were again sought after on the domestic market with a plus of 4.6 percent. The day before, the catering company’s papers had jumped more than six percent.

The heavily weighted banks also showed clear price gains. The shareholders of Raiffeisen Bank International were able to book an increase of 2.9 percent. Erste Group rose 1.9 percent and BAWAG gained 1.3 percent.

Quarterly figures from the real estate sector of CA Immo and Immofinanz will only be presented after the market closes. In the run-up, CA Immo’s papers were unchanged. Immofinanz built a plus of one percent.

voestalpine gained a comparatively moderate 0.2 percent to EUR 27.10. The analysts of Deutsche Bank have reduced their investment vote for the shares of the steel company from “Buy” to “Hold”. The price target of EUR 27.00 was confirmed.

There was also a new expert opinion on FACC. Berenberg Bank raised its price target for the aerospace supplier’s paper from EUR 4.6 to EUR 7.0. The “Sell” recommendation was confirmed. The FACC share trended up 2.3 percent to EUR 9.95.

Andritz shares gained 0.7 percent. The plant manufacturer from Graz landed an order worth millions in India: The Styrian company is supplying a flue gas desulphurisation system for the Mundra thermal power plant. The parties have agreed not to disclose the exact order value, but comparable orders range between EUR 20 and 25 million.

(Final) ste / mik

ISIN AT0000999982


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