Austrian Stocks: Erste Group Bank, Strabag, Zumtobel Are Active
Austria’s benchmark ATX Index gained 2.2 percent to 2,764.84 at the 5:30 p.m. close in Vienna, for the steepest two-day advance since May.
The following were among the most active stocks in the Austrian market today. Symbols are in parentheses.
Erste Group Bank AG (EBS AV), Eastern Europe’s second- biggest lender, increased 2.4 percent to 32.89 euros. Raiffeisen Bank International AG (RBI AV), the Austrian bank that operates in 17 former communist countries in eastern Europe, gained 0.8 percent to 40.56 euros.
Bank shares in Europe jumped for a second day after European Central Bank said it will delay the withdrawal of emergency liquidity measures and keep buying government bonds as the debt crisis creates “acute” tensions in financial markets.
Strabag SE (STR AV) rose 5.2 percent to 19.54 euros. Central Europe’s biggest construction company and Galeria Katowicka Sp. z o.o. won a 240 million-euro ($317 million) order to build a train and bus station in Katowice, Poland. The stock extended gains in the last two hours of trading after Russia, where Strabag is already building facilities for the 2014 Winter Olympics, won the right to host the 2018 soccer World Cup.
Zumtobel AG (ZAG AV) jumped 7.9 percent to 17.30 euros, its largest gain in more than a year. Europe’s biggest maker of industrial lighting said second-quarter net income rose to 26 million euros from 14.7 million euros a year earlier, as sales climbed 8 percent.
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