Vienna shares end: clear gains – positive international sentiment

VIENNA (dpa-AFX) – The Vienna Stock Exchange closed very firmly on Thursday. The domestic leading index ATX gained 1.61 percent to 3,791.32 points. The ATX Prime rose by a similar rate by 1.63 percent to 1,902.16 units. The leading European exchanges were also in good shape. The international focus was on the decisions of the leading central banks.

The US Federal Reserve had left interest rates unchanged the evening before and signaled three rate hikes in the coming year. International investors welcomed the fact that there is now clarity about interest rate developments in the USA. The Bank of England (BoE) became the first of the world’s major central banks to raise interest rates since the corona pandemic. The key monetary policy rate was surprisingly raised from 0.1 to 0.25 percent.

The monetary authorities reacted to the rapid rise in prices on the island. As experts had expected in advance, the ECB left key interest rates unchanged. ECB boss Christine Lagarde also said that an interest rate hike in the euro area in 2022 is very unlikely.

In the domestic market, EVN moved into the focus of investors with the figures presented. The share of the Lower Austrian energy supplier recorded a strong price increase of 4.9 percent. Thanks to write-ups at hydropower plants in Bavaria and Albania, the Lower Austrian energy supplier increased its net profit by two thirds in the past 2020/21 financial year and plans to distribute more dividends to shareholders.

The Palfinger share climbed to the top of the price list in Vienna with a plus of 6.7 percent. The Salzburg-based lifting device manufacturer and its China partner Sany Heavy Industries have decided to dissolve their mutual interests. Palfinger will transfer the indirectly held 7.5 percent stake in Sany Automobile Hoisting Machinery. In return, Palfinger will receive 2.9 million treasury shares and an additional cash payment of around 15 million euros.

Andritz won 3.2 percent of the heavyweights. BAWAG grew by 2.1 percent. Erste Group (Erste Group Bank) rose by 1.9 percent. The price of the OMV shares rose by 3.3 percent. Raiffeisen Bank International (Raiffeisen) rose by 0.6 percent and voestalpine saw an increase of 1.8 percent.

In the construction sector, Strabag rose by 3.4 percent. The insurance share Vienna Insurance Group (Vienna Insurance) strengthened by 2.6 percent. Wienerberger titles, however, fell by 1.4 percent./ste/sto/APA/zb


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