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Vienna Stock Exchange Signs Cooperation Agreement with Tokyo Stock Exchange

New: Tick data

ATX watchlist for July 2008

Increase in the number of shares: Intercell AG

ATX Performance in July 2008

Specialist and market maker performance

Monthly statistic

Top-performers

Service/Editorial information

> Erste Bank optimistic about ATX despite financial crisis - Overall, Erste Bank analysts expect international stock markets to recover slightly in 2HY 2008, with most of the performance expected to be achieved in 4Q. Fritz Mostböck, Head of Research at Erste Bank, believes there is potential for catching up especially among banks, insurance companies and oil-related stocks. Günter Artner, Chief Analyst at Erste Bank expects the earnings growth figures of domestic companies to be better than the European average this year as well as in 2009. According to his forecast, the ATX will hit 4,250 points by year-end.
(APA, 14 July 2008; WirtschaftsBlatt, 16 July 2008)

> Fund managers mostly follow herd mentality – Due to the plunge on the stock markets, many funds are reporting negative performance. Quite a number of stocks performed worse than the overall market. The subsidiary of Deutsche Bank, DB Advisors, has discovered the reason: Most fund managers are driven by the herd mentality. If one of them invests in certain stock, then most others follow this lead. Therefore, in Germany, a change in the remuneration of employees in the investment fund industry is being discussed and there are demands that fund managers must follow their own strategy precisely in times of crisis, as otherwise customers have no need for active portfolio management.
(Die Presse, 4 Aug. 2008)

> Pension funds hope for better returns as of 2009 – The international financial market crisis is affecting not only stock buyers, but also many people who are saving for their retirement. The effects were particularly harsh on those pension funds that invest 40 percent of their capital in stocks. “After a growth rate of two percent last year, we hope to close this year at breakeven. We expect returns to improve as of 2009,” said Christian Böhm, Head of Fachverband der Pensionskassen (Association of Pension Funds). (OÖN, 23 July 2008)

On 31 July 2008, the Vienna Stock Exchange today (VSE) announced the signing of a Memorandum of Understanding (MoU) with the Tokyo Stock Exchange, expanding its international network. The agreement is the fourth cooperation agreement with a non-European stock exchange for the VSE, who has similar arrangements with Almaty, Dubai and Shanghai. Additionally, the Vienna Stock Exchange has established a firm position in CEE based on nine MoUs signed with Central and East European stock exchanges.

[» details]

Starting 28 July 2008, the Vienna Stock Exchange publishes tick data for the current trading day (with a 15-minute delay) in the price information system on its website www.wienerborse.at for the following instruments and segments:

• Austrian indices
• Shares - ADCs
• Certificates
• Exchange Traded Funds
• Investment funds
• other securities.at

The information displayed for each security or instrument will include the time, price and turnover volume traded for each transaction during a trading day. All of the daily values calculated for the indices are displayed.

[» more information]

The watchlist is used as a basis for the admission and/or deletion of ATX stocks at the semiannual (March and September) reviews of ATX basket.

• ATX watchlist July 2008 (PDF-File 19 KB)

As of Thursday, August 7, 2008, an increase in the number of shares of Intercell AG is effective.

Name:	Intercell AG
New number of shares:	47,207,256
Old number of shares:	45,764,437
ISIN:	AT0000612601
Short Code:	ICLL

[» price information]

The ATX closed at 3,659.74 points on 31 July, 2008, which is a loss of 18.91% over year-end 2007 (4,512.98 points). The monthly high was 3,865.12 points (3 July, 2008), the monthly low was 3,386.82 points (15 July, 2008). The change against previous month (3,943.15 points on 30 June, 2008) was - 7.19%.

The ATX Prime closed at 1,711.79 points on 31 July, 2008, which is a loss of 19.59% over year-end 2007 (2,128.73 points). The change against previous month (1,856.60 points on 30 June, 2008) was - 7.80%.

A list of the average fulfilment rates of the specialist and market maker obligations for the month of July 2008 for the cash and derivatives market is available on the website of Wiener Börse AG, www.wienerborse.at

Monthly statistic for July 2008.

Price gains in the prime market. Securities with specialists in the XETRA^® trading system.
 

		31 Dec 2007- 14 Aug 2008	31 Dec 2002- 14 Aug 2008
1	BRAIN FORCE Holding AG*	+ 25.00%	- 16.61%
2	INTERCELL AG**	+ 15.47%	+ 456.36%
3	AVW INVEST AG	+ 13.00%	+ 304.92%
4	RHI AG	+ 9.64%	+ 317.69%
5	BÖHLER-UDDEHOLM AG	+ 7.21%	+ 570.20%
6	OESTERR. POST AG***	+ 6.59%	+ 34.58%

* first day of trading: 22 Mar 2004
** first day of trading: 28 Feb 2005
***first day of trading: 31 May 2006

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