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ATX: Erste Group is Optimistic

Published: December 14, 2011; 16:47 · (Vindobona)

After a 36% decrease in 2011, Erste Group´s analysts state that the Austrian Traded Index has an upside potential up to 2,100 points in 2012.

ATX: Erste Group is Optimistic / Picture: © Erste Group / Christian Wind

At the moment, ATX moves between 1,700 and 1,800 points. In 2011, losses amount to 36%. “In spite of the weak turnover and the very disappointing price development, it could be possible that ATX goes up to 2,100 points in 2012. This is due to the clearly better fundamental facts compared to other indices.”, said Fritz Mostböck, chief economist of Erste Group.

Currently, ATX…

This article includes a total of 187 words.

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