VIENNA (dpa-AFX) – The Vienna Stock Exchange ended Friday’s session a little firmer. The leading domestic index ATX closed with a premium of 0.41 percent to 3,219.04 units, but had to give up a large part of its historical gains. Nevertheless, the most important domestic stock barometer recorded a weekly increase of 3.8 percent. At the end of the week, the broader market ATX Prime increased by 0.42 percent to 1,618.85 points.
The most important European indices followed a course similar to that of the ATX on Friday – in the afternoon and with a weakening Wall Street, most stock exchanges went down, in the end there was a much smaller plus. Support for the stock exchanges had been provided during the day by economic measures in China. In the second largest economy in the world, the central bank had lowered an interest rate for long-term real estate loans, which had caused prices to rise from the Far East to Europe.
Charts for the values in the article
The measure is intended to slow down the current economic downturn. “The decision of the Chinese banks to lower the key interest rate for five-year loans contributed to the positive development of risky assets,” confirmed Unicredit’s market experts.
According to experts, the overall situation on the market remains volatile – as was also evident in the afternoon. “Concerns about key interest rates and yields rising too sharply, which in turn endanger economic development, are keeping the financial markets in check – as are high inflation and the disrupted supply chains. This is unlikely to change in the short term, so volatility can be expected to remain high.” , wrote Ralfcircul from Helaba.
In Vienna, Marinomed’s shares literally went through the roof – the shares ended the session 8.7 percent or six euros higher, but had meanwhile even gained around 13 percent or nine euros in market value. The biotechnology company has entered into a licensing agreement with US consumer goods giant Procter & Gamble. The agreement covers the United States and certain Marinomed medical products protected by multiple patents. Erste Group analyst Vladimira Urbankova sees the announcement as a “positive surprise for market participants” and points to the currently low price of the stock, which is at an inviting level – her investment recommendation “Buy” remains in view of this development.
In a sector comparison, oil values were also able to show. Schoeller-Bleckmann had already gained almost eight percent on Thursday after the quarterly results were announced, and another 8.2 percent were added on Friday. The Lower Austrian oilfield equipment supplier was able to make strong gains in all key figures in the first quarter of 2022. Industry colleague OMV also improved by a good two percent before the weekend.
Most banks could not keep up on Friday: Bawag closed 0.4 percent higher, but had to give up most of its gains. Raiffeisen Bank International slipped into the red and ended trading 0.7 percent lower. Erste Group had weakened throughout and lost 1.9 percent. Fire brigade supplier Rosenbauer also fell 3.1 percent – the titles were traded ex-dividend this Friday./kat/ste/APA/ngu