Vienna Stock Exchange (Half Day) – ATX Earns Morning Gains


Vienna (APA) – The Vienna Stock Exchange was presented Wednesday at noon, with a moderate volume and a friendly trend. The ATX was calculated at 12.00 with 3,280.15 points, which represents an increase of 13.4 points or 0.41%. For comparison: DAX / Frankfurt +0.06 percent, FTSE-100 / London -0.04 percent and CAC-40 / Paris +0.20 percent.

Inflation in the euro zone fell in March. The European statistics agency Eurostat confirmed on Wednesday an initial estimate of 1.4 percent, after 1.5 percent in February. Meanwhile, the export surplus for imports in the currency area totaled 19.5 billion euros in February. This is the highest value in almost a year. In the previous month, it had reached 17.4 billion euros. Although exports fell, imports fell further.

At the end of 2018, the Vienna Insurance Group (VIG) increased the built-in value of life insurance and after-tax health care by 5.1% to 4.1 billion euros. The embedded value is composed of the net assets and the present value of the future revenue of the existing insurance portfolio. The adjusted value for 2017 was 3.9 billion euros. The value added of 199 million euros was achieved, above all, by the conclusion of new profitable businesses with a margin of 4.4 percent. Recently, VIG's shares rose 0.80% to 25.30 euros.

At ATX, voestalpine shares showed the strongest trend in the midday trading session. The domestic group's price of steel and technology rose 3.5 percent to 31.01 euros. Already the day before, the price of the voestalpine stock had closed with a gain of more than one percent. Earlier this week, Deutsche Bank confirmed its investment recommendation for "Hold" securities. Its target price of 33.00 euros for voestalpine shares confirmed study analysts on Monday as well. Fourth-quarter results are expected to continue improving in the previous quarter, analysts said. The estimates were adjusted only slightly. According to analysts, voestalpine remains a quality company, but in the short term, the catalysts would be absent in price.

The ATX recorded the previous daily high at 3,281.35 points versus 10.35, the daily low was 3,259.60 units shortly after the start of trading. The ATX Prime was 0.41 percent higher at 1,649.13 points on the above date. In the main market, there were 20 stocks with higher prices, ten with lower and seven stocks unchanged.

To date, 990,755 (previous day: 823,060) shares have been converted into the main market (single counting) with a market value of about 28.77 (25.09) million euros (double counting). The largest volume so far is the Erste Group, with 116,880 shares traded, which corresponds to a market value of around € 4.32 million.

~ ISIN AT0000999982 ~ APA216 2019-04-17 / 12: 24


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