Vienna (dpa -AfX) – The Vienna Stock Exchange closed on Tuesday with very weak tendency. The leading index ATX slipped by 2.35 percent to 4,059.15 points compared to Monday. The ATX Prime closed with a clear minus of 2.30 percent at 2,031.92 units.
The European environment also showed a deep red and the US stock markets also started the meeting. In particular, the increasingly intensified customs dispute of the USA with China, Mexico and Canada was stressful for the international stock markets. According to the US media, the tariffs for goods from Mexico and Canada announced by US President Donald Trump have come into force. In addition, Trump ordered by decree to double the import duties ordered in February to goods from China.
“The stock exchanges have been politically driven as long,” commented Thomas Altmann from QC Partners. At the same time, with the dominance of political issues, the susceptibility to fluctuation is also increasing. The trade war is in full swing and the risk of losers in the end.
One of the largest losers in Vienna included AT&S with a discount of 6.9 percent. Among the bank shares heavily weighted in the ATX, the first Group (Erste Group Bank) slipped significantly 5.6 percent into the minus and Raiffeisen graduated by 3.4 percent.
Bawag stocks lost a good one percent by the number template. BAWAG earned more in the past 2024 financial year and wrote a higher profit. The bottom line was that an 11 percent higher net profit of 760 million euros remained. The operational core yields increased by 5 percent to around 1.6 billion euros. Management wants to raise the dividend and propose 5.50 euros per title at the Annual General Meeting. 5.00 euros per share had been distributed for 2023.
OMV shares, on the other hand, were able to get 1.7 percent in a weak European industry environment. After long negotiations, the oil and gas group and its major shareholder ADNOC from Abu Dhabi agreed on the merger of their two petrochemia daughters Borealis and Borouge. A joint venture is to be founded under the name Borouge Group International, in which OMV and ADNOC should be involved in equal parts. At the same time, an agreement on the purchase of the Nova Chemical was reached for 9.377 billion euros, the OMV announced the evening before.
After accepting the renovation plan at KTM AG by the creditors, Stefan Pierer finally rules out the board. The co-boss traces his board mandate back, CEO Gottfried Neumeister takes the sole leadership, as the company announced today. Shares of the KTM-Mother Pierer Mobility closed 1.9 percent lower./ger/mik/apa/ngu