The Vienna Stock Exchange should start on Friday with a plus in the last trading day of this week. An indication on the domestic leading index ATX signaled a premium of 0.59 percent around thirty minutes before the start of the meeting. Tailwind for the positive trend comes from the USA – there the stock exchanges closed with clearly positive signs after initial discounts.
Company news from Vienna remained in short supply before the market, but an analysis has already come to Polytec: The experts at Erste Group have raised the investment recommendation from “Accumulate” to “Buy” and raised the target price from EUR 5.9 to EUR 12.3.
In terms of data, the focus this morning is on the publication of the German ifo business climate index for March. “The specifications are consistently positive. The ZEW balance of economic expectations was able to increase and the assessment of the situation was also better. In addition, the preliminary German PMIs surprised positively,” write the economists at Helaba. In addition, figures on income and consumption trends are due in the USA in the afternoon.
In addition to positive influences, there are some stress factors that could possibly depress the mood at the end of the week. The blockade of the Suez Canal in particular is a source of increasing concern. “Around 16 percent of chemical imports come from Asia by ship through the Suez Canal. The chemical example can also be projected onto other industries, especially those that depend on raw material and component deliveries. The stock markets show there are now initial reactions, “write the Helaba experts in their daily outlook.
The Vienna Stock Exchange closed significantly lower on Thursday. The ATX fell 0.98 percent to 3,101.78 points. Analysts had pointed to a slight corrective movement due to the meanwhile high valuation level.
AT&S shares made a sharp jump in price of a little more than twelve percent. The circuit board manufacturer revised its sales outlook upwards on Wednesday evening. AT&S has already reached its medium-term sales target of EUR 2 billion earlier, the company announced.
Stocks in the oil sector fell. OMV shares fell by two percent and the Lower Austrian oil field equipment supplier Schoeller-Bleckmann saw a clear drop of 2.8 percent. The heavily weighted bank stocks also showed consistently negative signs. According to the results presented, CA Immo recorded a small minus of 0.3 percent.
The biggest winners in the prime market on Thursday:
AT&S +12,23% 28,45 Euro Zumtobel +3,52% 7,35 Euro Marinomed +2,22% 138,00 Euro
The biggest losers in the prime market on Thursday:
Palfinger -2,95% 32,90 Euro Schoeller-Bleckmann -2,84% 37,65 Euro Verbund -2,76% 59,80 Euro
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