Vienna shares close higher on positive European sentiment led by BWIN UPDATE |
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Mon, 26 Feb 2007 18:59
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(Updating with full report)VIENNA (AFX) - Share closed higher, led by online betting company BWIN and supported by benign European market sentiment, dealers said.The blue chip ATX index closed up 0.35 pct or 15.93 points at 4,598.56, while the broader ATX Prime closed up 0.19 pct or 4.49 points at 2,363.14.The ATX five, comprised of the five largest heavyweights of the Vienna market, rose 0.35 pct or 10.52 points to 2,997.24.Shares in online betting company BWIN led the ATX higher, soaring 10.28 pct or 2.57 eur to 27.57. Many market participants are focused on a decision by the European Court of Justice, expected in March, regarding the freedom of services for betting providers in the European Union, dealers said. This boosted BWIN's share price today, they added.Steel shares climbed with voestalpine, rising 2.33 pct or 1.17 eur to 51.42, and Boehler-Uddeholm, adding 0.08 pct or 0.05 eur to 59.00.Shares in oil and gas giant OMV increased 1.01 pct or 0.44 eur to 43.94. Schoeller-Bleckmann Oilfield Equipment advanced 0.74 pct or 0.28 eur to 38.28.EVN lost 4.27 pct or 4.01 eur to 90.00 after CA-IB cut its rating to 'sell' from 'hold' and lowered the target price to 85 eur from 86.50 eur, saying the bank downgraded the energy company ahead of its first quarter results tomorrow, expecting the exceptionally mild winter to have affected earnings.Shares in construction company Andritz decreased 0.33 pct or 0.57 eur to 172.00, reversing earlier gains after Deutsche Bank raised its target price on the stock to 171 eur from 160 eur.On the 'Prime Market' bio-tech company Intercell increased 2.20 pct or 0.52 eur to 24.12 after brokerage firm Bryan Garnier initiated coverage with a 'buy' rating and a target price of 25.00 eur.Airline stocks closed lower with Austrian Airlines, down 1.40 pct or 0.15 eur at 10.54, and SkyEurope, down 2.32 pct or 0.13 eur at 5.47. SkyEurope has said today that its annual general meeting, originally scheduled for Feb 16, will be held on March 30.andreas.vogler@thomson.comav/lamCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Vienna shares close higher on positive European sentiment led by BWIN 