The ATX climbed 4.12 percent to 3,095.61 points by 9:15 a.m. The domestic stock market is thus continuing its previous day’s recovery after the recent slump due to the Ukraine-Russia war. The day before, the ATX had already gained 1.8 percent after slipping 3.6 percent on Monday and posting a slump of around 10 percent in the previous week. After days of selling, the stock market has stabilized, write the Helaba analysts in their daily outlook. However, the situation remains fragile and the tide can turn again quickly, especially since volatility is still very pronounced.
Bank stocks in particular rose significantly in early trading in Vienna. Raiffeisen Bank International stocks jumped in double digits by a little more than eleven percent. The shares of Erste Group increased by 8.3 percent and Bawag rose by 5.3 percent.
Among the other heavyweights, Andritz rose by almost six percent. The day before, the plant manufacturer’s shares had shot up by more than eight percent in response to strong business figures.
Source: Nachrichten
