Article Tools

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…

This article includes a total of 193 words.

or Log In

Fast News Search
Related News
Cheuvreux Closing Its Office in Vienna (May 20, 2011)
Leitl Favors EU Financial Transaction Tax (March 9, 2011)
ATX Restructuring Expected (January 14, 2011)
Demands for Financial Transactions Tax (January 7, 2011)
Complaint of Unconstitutionality against Securities Capital Gains Tax (December 14, 2010)
Vienna Stock Exchange: Tax on Securities Gains Damages Austrian Economy (December 13, 2010)
Read More
Richard Schenz, Michael Buhl, Funding, Equity Markets, Taxation, Capital Markets, VSE Vienna Stock Exchange
Featured
See latest Vindobona Newsletter