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May / 2008
German Market Report - Issue 2
published: Wednesday May 07 2008
Dear readers,
This monthly report contains a brief survey of the development of the German financial market in the previous month, in April 2008 which should valuable for readers that are not based in Germany. In this second issue we also provide a forecast of Joe Brunner, who runs the company IRW-Press which provides an excellent translation and distribution service of press releases. If you need more details or further information, please contact us.
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Performance of the DAX®
In the first four months of the year 2008 the German main index DAX® lost approx. –16,1 per cent. Since the low in March this year the index won back +14,4 per cent. On May 2nd, the DAX® climbed again across the 7,000 points line, first time since February 2008.
Trading Volume
In April the trading volume on all German Stock Exchanges dropped –2,9 per cent to 192 billion Euro (April 2007: 197.8 billion Euro). On Xetra® the number of trades rose by 34.7 per cent to 16 million trades compared to 12 million trades in the same month of the previous year. While the trading volume on Xetra® decreased about -1,5 per cent from 169,1 billion to 167,5 billion. The trading volume of foreign securities amounted 8.1 billion Euro on Xetra®, which is the same level than in April 2007.
The most liquid stock in the DAX® in April was according to the XLM E.ON AG with 5 basis points (bp) for a volume of 100,000 Euro. The most liquid foreign stock was Royal Dutch Shell with 12 bp. In March Siemens AG was the company share with the highest volume (10.5 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.
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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 7,076 postings dealt with the oil and gas exploration and production company. The next two most discussed companies have been Arise Technologies and Cardero Res Corp.
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| Source: www.wallstreet-online.de, Companies are selected. Last update: May 5th, 2008 |
wallstreet:online is the largest finance community in Germany with more than 50 million page impressions and more than 400,000 registered users.
Market Forecast
by Joe Brunner, IRW-Press
Gold and silver are under considerable selling pressure and the HUI-index has lost 25 per cent of its value since the beginning of March. This development shows that the stock market is cooling down and that the downturn is crossed. That is why the interest in commodities has strongly decreased.
I look upon this slowdown favourably, as the market is given the chance to stabilize and to regain strength. Commodity prices are now on a stage, which gives companies the chance to make good profits. These are the profits we need in order to see a raising stock market. Then we will see as well, that stock prices will react stronger to company’s press releases, which means that good drilling results, joint ventures or key figures are getting more important again. Thus the value of public relations is getting enhanced, which is a very positive development.
Interesting news release
El Niño Ventures Commences Irish Drill Program
May 5, 2008, Vancouver, BC -- El Niño Ventures Inc. ("El Niño") (TSX.V: ELN; Frankfurt: E7Q) is pleased to report that it has recently commenced diamond drilling on its prospecting licences in Ireland. El Niño currently holds thirteen prospecting licences covering approximately 500 square kilometres within the Central Carboniferous Basin. The Basin is host to several important zinc-lead resources including the three mines (Navan, Galmoy and Lisheen) currently in operation.
This preliminary 4000m drill program will test the two principal target horizons within the Lower Carboniferous limestone stratigraphy. Initial holes will test Navan Bed units on licences near Granard northwest of Dublin. Subsequent holes will test Waulsortian Reef targets on licences located southwest of Dublin.
Ireland's mineral industry took off in the early 1960's with the discovery of the Tynagh zinc-lead-silver deposit in County Galway which was followed by the 1970's discovery of the world class Navan zinc-lead deposit located northwest of Dublin. The high grade Galmoy and Lisheen deposits located southwest of Dublin were discovered in the mid 1980's and 1990 respectively. […]
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