Experiencing a mild surge of 0.16 percent, the ATX Prime, listed on the Vienna Stock Exchange, hit 1,631.39 points at 12:08 PM. The index had opened with a modest increase of 0.043 percent at 1,629.56 points, following a close of 1,628.86 points the previous day. The ATX Prime witnessed a fluctuation between a low of 1,625.97 and a peak of 1,632.87 points. Over the past year, the ATX Prime has enjoyed a growth of 3.01 percent, peaking at 1,789.53 points and dropping to a low of 1,513.39 points.
Top Performers and Losers
STRABAG SE, Erste Group Bank, BAWAG, IMMOFINANZ, and Wienerberger emerged as the top performers on the index, whereas Wolford, Frequentis, UBM Development, S IMMO, and Kapsch TrafficCom were the biggest losers. The highest trading volume was recorded by Raiffeisen Bank, and Verbund boasted the largest market capitalization, valued at EUR 28.749 billion.
Looking ahead, Kapsch TrafficCom is projected to have the lowest Price-Earnings Ratio (P/E) of 2.16 for 2024, while OMV is anticipated to exhibit the highest dividend yield of 10.88 percent in 2023. The report also sheds light on potential investment opportunities, such as Knock-outs for speculative investors. Notably, finanzen.net ZERO has been rated as 'Price Tip' by Stiftung Warentest.
Global Market Trends
Contributing to the global market trends, the LED panel light market is witnessing growth due to increased demand for energy-efficient lighting, cost-effective and robust lighting solutions, and a surge in demand for smart lighting and control systems. As per the report by Allied Market Research, the global LED panel light market is set to reach a staggering $90.1 billion by 2032, growing at a CAGR of 16.4%.
Outlook for 2024
The 2024 Global Investor Outlook by Colliers projects challenging market conditions extending into 2024. However, hopes of a clearer rate outlook and narrowing bid-ask spreads are on the horizon. The report underscores top picks for 2024, including industrial & logistics, multifamily, and office sectors, and highlights emerging opportunities in the market.