Massive Drop in Trading at the Vienna Stock Exchange
Published: June 9, 2011; 15:41 · (Vindobona)
Trading volume slumped by 42% to € 4.4bn as a result of the new capital gains tax on securities. The proportion of Austrian investors fell to 26%.
Massive Drop in Trading at the Vienna Stock Exchange / Picture: © Wikimedia Commons / Bwag [CC BY-SA 4.0]
According to CEO Michael Buhl, the introduction of the capital gains tax on securities (KESt) and the discussion about a higher bank tax or a new tax on financial transactions have worsened investors’ moods and reduced trading activity at the Vienna Stock Exchange. In May, trading volume in the Prime Market amounted to only € 4.4bn, which corresponds to a decline of 42% compared to…
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