Vienna shares closing: price losses – oil stocks fall significantly

VIENNA (dpa-AFX) – The Vienna Stock Exchange closed clearly on Tuesday in the red. The ATX fell 3.22 percent to 1994.63 points. The turmoil on the US oil markets kept the international stock markets under their spell. Asian stock exchanges had already gone out of trading with losses. And it was no different in Europe. The fact that Wall Street was heading for a minus day again after a failed start to the week also proved to be a burden in the last few hours of trading.

In Vienna, stocks from the oil industry in particular suffered from clear losses. The securities of oil supplier Schoeller-Bleckmann Oilfield (SBO) lost 5.2 percent. Those of the oil giant OMV fell by 5.6 percent to 25.20 euros. The fact that the analysts at Erste Group had issued a buy recommendation for OMV’s share certificates at a price target of EUR 40 should have faded into the background given the upheavals on the oil market.

The heavyweight stocks of Erste Group also moved onto the sales lists, which fell by 5.7 percent. Voestalpine shares lost 5.2 percent.

Wienerberger shares fell by 4.9 percent. The brick manufacturer had published figures before the exchange.

The shares of Vienna Airport also came under considerable pressure. They gave up 7.3 percent. The AUA is retiring older aircraft due to the corona crisis, it was announced shortly before the close of trading. These include three of the twelve long-haul aircraft that will be permanently shut down./sto/dkm/APA/jha

– – .