Austrian Stocks: Verbund, Zumtobel Shares Move in Vienna Trading
Stock Chart for Verbund AG (VER)
Austria’s benchmark ATX Index lost 0.9 percent to 2,863.78 at the 5:30 p.m. close of Vienna trading, extending yesterday’s 0.2 percent drop.
The following are among the most active stocks in the Austrian market today. Symbols are in parentheses.
Verbund AG (VER AV) sank 6.9 percent to 25.90 euros, the biggest decline in more than two years. Austria’s biggest utility said net income fell 38 percent in 2010 to 400.8 million euros. Analysts had forecast a profit of 432 million euros, according to the median of nine estimates compiled by Bloomberg.
Zumtobel AG (ZAG AV) fell 1.4 percent to 21.35 euros, the biggest decline in a week. Europe’s biggest maker of industrial lighting had its share price estimate cut to 17.9 euros from 20.4 euros at Goldman Sachs.
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