Vienna stocks end: ATX defends 3000 points | message

VIENNA (dpa-AFX) –

 The  Vienna Stock Exchange went out of business on Monday with slight surcharges.

 The  domestic lead index ATX rose by 0.13 percent to 3008.96 points and closed above the 3000 unit mark after falling below it during the trading day.

 The  ATX Prime gained 0.12 percent to 1527.76 points.

Economic data released at the beginning of the week turned out better than expected.

 The  Ifo business climate barometer surprisingly brightened to 92.4 points.

 The  US composite index of economic leading indicators also rose by 0.5 percent compared to the previous month and thus stronger than expected.

Concerns about rising interest rates and rising inflation are likely to have continued to have a negative impact. Analyst Michael Hewson from CMC Markets recently noted that they would have suppressed the optimism surrounding the corona vaccination campaigns and the hope of an economic recovery.

Until the end of trading, the Marinomed stocks were in the foreground among the individual stocks.

 The y slumped 8.6 percent after an extremely strong Friday on which they had gained nearly 18 percent in price. A success report on the active ingredient Carragelose against Covid-19 had inspired them at the end of the previous week. However, today’s countermovement wiped out a large part of these surcharges.

 The  fact that the US major shareholder Starwood Capital, who wants to increase its 29.99 percent stake in CA Immo, has submitted its announced takeover offer for the office property group based in Vienna, hardly brought any movement to the group’s share.

 The  mandatory offer, which runs until April 9, is, as announced in January, at 34.44 euros per title.

 The  share gained a moderate 0.1 percent to 35.80 euros

Analysts set the tone:

 The  securities experts from Raiffeisen Research raised their target price for the shares of the Upper Austrian fire equipment supplier Rosenbauer from 45.5 to 52 euros after the preliminary annual figures for 2020 were presented.

 The  analyst Markus Remis confirmed his “buy” rating given the current price.

 The  share closed at the top of the prime market with plus 5.1 percent at 45 euros.

 The  focus was also on Andritz, for whom Baader Bank had raised the price target from EUR 42 to EUR 50 – the “Buy” vote was confirmed.

 The  shares rose by 0.9 percent to 40.8 euros./sto/ste/APA/fba