In June, EUR87.9 billion were turned over on Xetra and on the floor at Boerse Frankfurt a decrease of 49% year-on-year (June 2008: EUR171.9 billion). Of the EUR87.9 billion turnover EUR81.7 billion were traded on Xetra, a decrease by 50% year-on-year (June 2008: EUR164.4 billion) and EUR6.2 billion on the floor (June 2008: EUR7.6 billion).
German equities accounted for EUR75.7 billion, while EUR9.2 billion were turned over in foreign equities. 97% of the transaction volume with German equities was executed on Xetra and the floor at Boerse Frankfurt. 91% of foreign equities were traded on Xetra and on the floor.
In the entire month 13.3 million transactions were executed on Xetra, a decrease by 17% year-on-year (June 2008: 15.9 million). According to the Xetra liquidity measure (XLM), RWE AG was the most liquid DAX blue chip in June with 9.6 basis points (bp) for an order volume of EUR100,000. Wacker Chemie AG was the most liquid MDAX stock with 52.6 bp. The most liquid ETF was the db-x-trackers II EONIA T.R. 1C with 0.3 bp. The most liquid foreign stock was Royal Dutch Shell with 17.8 bp. XLM measures liquidity in electronic securities trading on the basis of the implicit transaction costs. It is expressed in basis points (1 bp = 0.01%); a low XLM denotes high liquidity in a security.
Deutsche Bank AG was the strongest DAX stock on Xetra in June at EUR6.3 billion. Wacker Chemie AG was the top MDAX stock at EUR335 million, while Deutsche Wohnen AG led the SDAX stocks at EUR32 million and Infineon Technologies AG headed the TecDAX at EUR652 million. At roughly EUR1.1 billion, the iShares DAX was the exchange-traded fund with the largest turnover.
On all stock exchanges in Germany EUR101.6 billion were traded in June according to orderbook turnover statistics a decrease of 47% compared year-on-year (June 2008: EUR189.9 billion). This total includes EUR90.5 billion in equities, warrants and exchange-traded funds, as well as EUR11.1 billion in fixed-income securities.
L.D.