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Comment: Outlook of Vienna Stock Exchange

Published: August 7, 2014; 12:55 · (Vindobona)

Manfred Sibrawa of BAWAG PSK INVEST GmbH comments on the expectation of the performance of the Vienna Stock Exchange until year end. Erste Bank and Raiffeisen Bank International, but also OMV, booked double-digit losses, while the Vienna Stock Exchange welcomed a new member, FACC. "All in all we saw a mixed development year-to-date, but assuming that we see a stabilization of the global situation we can expect the Vienna ATX to speed up and reduce the underperformance towards other established markets."

Comment: Outlook of Vienna Stock Exchange / Picture: © BAWAG P.S.K. INVEST

"The performance of the Vienna Stock Exchange year-to-date is quite unconvincing. While US, European as well as Eastern European markets are all in positive territory, the ATX is in the red. The reason is obvious. Index heavyweights of the financial sector, Erste Bank and Raiffeisen International, but also OMV, booked double-digit losses. The 50% gain of Zumtobel unfortunately doesn't…

This article includes a total of 433 words.

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