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Substantial Decrease in Stock Market Turnover
People ♦
Published: January 2, 2012; 19:56 ♦ (Vindobona)
The Vienna Stock Exchange recorded a decline in stock market turnover by 18% in 2011. This is also due to new taxes.
Substantial Decrease in Stock Market Turnover / Picture: © Wiener Börse AG
In 2011, the amount of traded shares was up by 6%, say the directors of Vienna Stock Exchange, Michael Buhl and Heinrich Schaller. However, stock market turnover went down by 18% to € 59.7bn. This is a decline by € 13bn. In April and May, turnover in the prime market fell by 40%. In November, the decrease since the beginning of the year was still 35%.
According to Buhl and…
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