Market development
In the year 2011, all European stock exchanges recorded a decline in performance due to the global economic climate and the aggravation of the sovereign debt crisis. The Austrian lead index ATX, which started the year 2011 with 2,904.47 points, lost 34.87% during the year and closed at 1,891.68 points in December. The trading volume of shares also declined on most European stock exchanges; at the Vienna Stock Exchange the trading volume of domestic shares fell by 18% in monetary terms in comparison with 2010.
The RHI share was unable to defy the general trend; following an initial increase in the share price in January of 2011, it dropped and reached its low of € 13.0 in September. On December 29, 2011, the share closed at € 15.1, which corresponds to a year-on-year decline by 48.8%. The number of RHI shares traded fell by 11.5% in the year 2011 to roughly 39.6 million units; the turnover decreased by approx. 22.7% in comparison with the year 2010 due to the negative performance and amounted to € 790.0 million. At the end of the year 2011, RHI was weighted at 1.25% in the lead index ATX, and at 1.12% in the ATX Prime.