Börse Express – Wiener Börse 1 – ATX with profit for the fifth day in a row / weekly increase of more than three percent

The Vienna Stock Exchange ended trading again on Friday for an additional fee. Despite initially significant declines in BAWAG shares, ATX turned profitable and closed up 1.41 percent at 3,154.91 points. On a weekly basis, the leading domestic index rose more than three percent after five consecutive days of gains. At the end of the week, ATX Prime rose 1.38 percent to 1,598.71 units.

While international attention on Report Day focused mainly on economic data – particularly on inflation figures from the Eurozone and the US – here in Germany the focus was on BAWAG securities. Titles began trading in big fees after investment fund Petrus Advisers severely criticized the local financial institution in a letter to the European Banking Supervisory Authority – with titles down more than 14% at the top.

However, the paper has at least partially recovered from the huge losses during the trading day. Because in the afternoon, BAWAG responded with a statement calling the bank’s actions by Petrus Advisers “inconsistent, taken out of context and misleading.” In addition, the bank indicated the short position of the previous investor.

BAWAG shares ended their volatile trading with a daily turnover of more than 73 million euros on the Vienna Stock Exchange, down 5.9 percent, at 42.22 euros.

Stu/Mick

 ISIN  AT0000999982

Copyright APA. All rights reserved. No redistribution, republication, or permanent storage is permitted without the express prior consent of the APA.