The Vienna Stock Exchange made a profit in Monday trading and thus tied in with its Friday premiums. The ATX increased by 1.27 percent to 2,898.81 units. The ATX Prime increased by 1.20 percent to 1,466.75 points.
The fluctuations in the market are likely to continue, experts said. In addition to the government crisis in Italy, the maintenance work on the Nord Stream 1 gas pipeline, which will end this week, is also mentioned as a factor of uncertainty. It remains questionable whether Russian gas will then flow to Europe again.
On the part of the economic drivers, attention should already be focused on Thursday’s interest rate meeting of the European Central Bank (ECB). In the fight against rapid inflation, the ECB is likely to raise interest rates for the first time in around 11 years. She will also present her anti-fragmentation tool, which aims to combat the widening eurozone government bond yield spreads.
Looking at the biggest price movements, Schoeller-Bleckmann led the prime market today with a plus of 4.7 percent. They were followed by voestalpine with a premium of 4.5 percent and Lenzing with a plus of 3.9 percent. AT&S titles were also in high demand (plus 3.8 percent).
In the banking sector, Raiffeisen shares increased by 2.6 percent. Erste Group rose by 1.4 percent and BAWAG increased by a whopping 3.1 percent.
On the other hand, Frequentis posted significant losses on today’s trading day with minus 4.9 percent. They replaced Verbund as the weakest value in the main segment of the Vienna Stock Exchange. The utility’s shares fell 3.1 percent.
On Monday, Erste Group reported on AMAG for fresh analyses. She lowered the price target for the shares of the domestic aluminum group from 38.6 to 29 euros; the “Hold” rating was retained. The share gained 1.1 percent to 28.4 euros.
Meanwhile, the securities experts at Deutsche Bank published an analysis for Palfinger. They lowered the price target from 38 to 36 euros and at the same time confirmed their “buy” rating. Palfinger stocks increased by 1.4 percent to EUR 22.6.
There was also a securities analysis by Baader Bank on Andritz. In it, the experts confirmed the target price of EUR 61 and the “Buy” recommendation. The shares in Andritz increased by 1.2 percent to 41.2 euros.
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