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April / 2008
German Market Report - Issue 1

published: Thursday April 03 2008

Dear readers,

This monthly report contains a brief survey of the development of the German financial market in the previous month, in March 2008 which should valuable for readers that are not based in Germany. If you need more details or further information, please contact us.

Performance of the DAX®
In the first three months of the year 2008 the German main index DAX® lost approx. 19 per cent. The so called American credit crisis also affected some German banks and real estate companies as well.

Trading Volume
In March the trading volume on all German Stock Exchanges amounted to 210 billion Euro (March 2007: 274.8 billion Euro). On Xetra® the number of trades rose by 34.5 per cent compared with the same month of the previous year, while the trading volume decreased by 22 per cent to 185 on Xetra®. The trading volume of foreign securities amounted 8.5 billion Euro on Xetra®, which is 20 per cent less than in March 2007.

The most liquid stock in the DAX® in March was according to the XLM Volkswagen AG with 6 basis points (bp) for a volume of 100,000 Euro. The most liquid foreign stock was Total S.A. with 14 bp. In March Siemens AG was the company share with the highest volume (14.4 billion Euro) on Xetra® in the DAX®. XLM measures the liquidity adapted from the implicit transaction costs in using basis points (1bp = 0.01 per cent) – the lower the XLM, the more liquid the stock.

Most discussed international companies
The most discussed international company on www.wallstreet-online.de in the last 30 days has been Energulf Resources. All together 7,918 postings dealt with the oil and gas exploration and production company. The next two most discussed companies have been Bear Stearns Co. and Arise Technologies.

Rank

Company

Postings

Share Price

2

Energulf Resources

7,918

2.330 €

4

Bear Stearns Co.

4,924

0.940 €

5

Arise Technologies

4,211

1.180 €

7

Worldwater & Solar Techn.

3,115

0.830 €

9

IQ Power AG

2,677

0.660 €

10

Cardero Res. Corp.

2,542

0.700 €

11

Forsys Metals Corp.

2,530

1.750 €

17

Thomson Creek

1,742

12.050 €

23

Oriental Minerals

1,521

0.340 €

31

Bravo Ventures

1,347

0.263 €

Source: www.wallstreet-online.de, Companies are selected. Last update: April 2nd, 2008

wallstreet:online is responsible for the largest finance community in Germany with more than 50 million page impressions and more than 400,000 registered users.

General note
DAX® and XETRA® are registered trademarks of Deutsche Börse AG.

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