Vienna Stock Exchange HY1 2018 outlook: Equity turnover up 3.7%
Vienna Stock Exchange achieved an equity trading volume of €37.06bn in the first half of 2018. A particularly robust first quarter increased trading and turnover by 3.7% yoy (HY1 2017: €35.72bn).
In a five-year comparison, turnover was 50% higher. At an average monthly trading volume of €6.18bn, Vienna currently ranks 11th in a ranking of 22 European stock exchanges. The international segment global market has developed into the second-largest stock market segment, right behind the leading prime market. At €157.27m, June was the most dynamic trading months since the segment was launched approximately one year ago. In total, more than €1bn was traded.
“We have been working hard to improve the quality of the market and strengthen the position of the Vienna Stock Exchange as an international hub,” said Christoph Boschan, CEO of Wiener Börse AG. “One of our priorities in the first half-year was raising Vienna Stock Exchange’s international profile, as the European exchange community met here several times to discuss the outlook for the industry. This shows that our pro-active efforts are bearing fruit – companies, investors and Vienna as a business location benefit from this.”
Most active stocks and trading members
The most active Austrian stock was Erste Group Bank AG with €7.04bn, ahead of OMV AG with €4.87bn and Raiffeisen Bank International AG with €3.92bn. In fourth and fifth place were voestalpine AG (€3.72bn) and Andritz AG (€2.15bn). The most frequently-traded stock on the global market was RHI Magnesita N.V. with €244.71m. On the ETF segment, Lyxor ETF EURO STOXX 50 was the most active stock (€9.22m). The Oberbank bond with a maturity of 2015-2020 was the most active corporate bond (€10.96m).
Apart from the two large Austrian trading members, international trading participants accounted for over 85% of trading volume on the Vienna Stock Exchange. Morgan Stanley ranked first with a share in trading in HY1 2018 of 12.63% ahead of Merrill Lynch (8.58%) and J.P. Morgan (7.58%). Raiffeisen Centrobank (6.71%) and Société Générale (6.4%) came in fourth and fifth in the ranking.