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MCB.Mothwurf
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Mothwurf
Wiener Börse AG, A-1014 Vienna
Wallnerstrasse 8, P.O.BOX 192
Tel +43 1 53165 0
Fax+43 1 53297 40
www.wienerborse.at
info@wienerborse.at
VIENNA STOCK EXCHANGE
AND ITS ISSUERS
VIE
During the first four months of 2006, the Vienna Stock Exchange maintained its
position as a growth market at the top of the international league. The ATX lead
index attained a plus of 13.8 % against year-end 2005, while market capitalization
was up by 17.2 % at EUR 125.5 billion and the investment capital on offer rose
by EUR 6.0 billion. The market reacts positively to three IPOs and capital in-
creases by companies already listed.
The international interest in the Austrian capital market continues and around
one-third of stock is in foreign hands. This corresponds almost exactly to the
value held by Austrian investors in other countries. As a result of this balance,
during the past year, for the first time in its history, the Vienna Stock Exchange
was able to progress from a primarily regional role to become a solid international
player. A precondition for these investments is the growing number of international
members, which has increased to a current total of 29. Moreover, all the
stakeholders in the Vienna Stock Exchange are extremely satisfied with its
development, a fact confirmed by the latest study completed by the IMAS market
research institute.
In general, it is expected that the Vienna Stock Exchange will continue to grow
in years to come. Market capitalization in term of GDP still leaves room for ex-
pansion, as at present, the figure stands at 43.6 %, while the European average
is 64.4 %. Austria’s large, stock exchange listed companies are mainly expanding
in other countries, especially in the new neighbouring EU states, and therefore
their markets have grown several times over. This enlargement is increasingly
financed via the Austrian capital market.
Accordingly, the gro