In May, €96.4 billion were turned over on Xetra and on the floor at Brse Frankfurt – a decrease of some 36% year-on-year (May 2008: €151.7 billion). Of the €96.4 billion turnover €89.8 billion were traded on Xetra, a decrease by some 38% year-on-year (May 2008: €144.8 billion) and €6.6 billion on the floor (May 2008: €6.9 billion).
German equities accounted for €83.4 billion, while €9.9 billion were turned over in foreign equities. Roughly 97% of the transaction volume with German equities was executed on Xetra and the floor at Brse Frankfurt. 91% of foreign equities were traded on Xetra and on the floor.
In the entire month 14.7 million transactions were executed on Xetra, an increase of 2.2% year-on-year (May 2008: 14.4 million).
According to the Xetra liquidity measure (XLM), Bayer AG was the most liquid DAX blue chip in May with 9 basis points (bp) for an order volume of €100,000. Hochtief AG was the most liquid MDAX stock with 57 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 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 May at €6.8 billion. Hochtief AG was the top MDAX stock at €373 million, while Aareal Bank AG led the SDAX stocks at €33 million and Infineon AG headed the TecDAX at €940 million. At €1.4 billion, the iShares DAX was the exchange-traded fund with the largest turnover.
On all stock exchanges in Germany €111.9 billion were traded in May according to orderbook turnover statistics – a decrease of 33% compared year-on-year (May 2008: €167.9 billion). This total includes €99.9 billion in equities, warrants and exchange-traded funds, as well as €12 billion in fixed-income securities.
D.C.