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VIENNA (dpa-AFX) – The Vienna Stock Exchange closed with losses on Wednesday. Vienna’s leading index ATX fell 1.40 percent to 3506.54 points. The ATX Prime lost 1.22 percent to 1784.28 points. The ATX was burdened by the losses of the heavily weighted voestalpine. The shares of the steel company lost 3.50 percent to 35.30 euros after reporting results.
Voestalpine left the red in the 2020/21 financial year. The bottom line was that the Linzers earned 32 million euros after suffering a loss of 216 million euros the year before. The dividend is now to be increased sharply from 20 to 50 cents per share, as the company announced. In their initial reactions, analysts wrote that figures were better than expected.
There were also larger taxes at Lenzing (minus 2.87 percent), AT&S (minus 2.66 percent) and Verbund (minus 2.22 percent). Strabag were in great demand and with a plus of 4.40 percent they were also the daily winners in the prime market.
The construction company announced today that the syndicate of core shareholders – contrary to the proposal for the appropriation of profits by the Board of Management and the Supervisory Board – has proposed the distribution of a dividend of EUR 6.90 per share for the 2020 financial year. The reason for the proposed resolution is the high level of liquidity of the group.
The two shares with a connection to the aviation industry were also firmly established: Vienna Airport gained 1.45 percent, shares in the airline caterer Do & Co rose by 2.19 percent. Aviation stocks also rallied on other stock exchanges after the US eased travel warnings for some countries.
Overall, other exchanges in Europe showed little movement. Many market participants are currently expected to wait for the Governing Council meeting on Thursday, it said. Most of the time, monetary policy changes are not expected, write the analysts at Helaba. However, as always, market participants hope that the central bankers’ verbal statements will provide information on future monetary policy steps./mik/sto/APA/fba