Shares in Vienna Conclusion: Leading index continues to recover

VIENNA (dpa-AFX) – On Tuesday, the Vienna Stock Exchange continued its previous day’s gains and closed with substantial growth. The ATX rose by 2.78 percent to 3228.30 units. The ATX Prime increased by 2.56 percent to 1630.56 points on the reporting day. In the previous week, the leading domestic index had fallen by more than nine percent, which is why there was still talk of a recovery rally.

On the second trading day of the week, the turbulence in the financial sector increasingly receded into the background. The Credit Suisse (Credit Suisse (CS)) emergency rescue in the form of a takeover by UBS should not be off the table for experts, but with the upcoming interest rate decision by the US Federal Reserve on Wednesday, attention will shift to the middle of the week.

On the corporate side, the news situation was thin until the close of trading. An analysis by Erste Group (Erste Group Bank) was published, in which securities expert Vladimira Urbankova raised her price target for the shares from 38.4 to 45.4 euros. The “Accumulate” vote stood. The share rose by 1.4 percent to EUR 39.85.

Looking at the winners, among the strong European banks, BAWAG and Erste Group rose by 4.9 and 3.2 percent, respectively. Raiffeisen shares increased in price by 2.6 percent. The domestic oil values ​​were also sought. OMV gained a whopping 3.5 percent. Schoeller-Bleckmann shares climbed 3.9 percent. AT&S, meanwhile, sold four percent higher. Warimpex increased by more than six percent, albeit with a low trading volume.

Among the losers, Agrana fell 2.2 percent. Marinomed fell by 1.6 percent, Polytec by 1.2 percent and AMAG by 1.1 percent./sto/spa/APA/ngu