Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

444 Billion Euros In Turnover On The German Stock Exchanges In November - Actively Managed Funds In XTF Segment Off To Successful Start

Date 01/12/2000

A total volume of 444.1 billion euros in equities, warrants and fixed-income securities was traded on the German stock exchanges in November. This corresponds to an increase of eight percent over the previous month's figure. The total comprises 335.1 billion euros in equities, warrants and exchange-traded funds and 108.9 billion euros in fixed-income securities. Frankfurt turnover in equities for the first 11 months of the year, at 3.8 trillion euros, is 53 percent higher than for all of the previous year (2.5 trillion euros in 1999). Trading at FWB, the Frankfurt Stock Exchange, accounts for more than 87 percent of the total equities turnover in Germany.

The order-book statistics of Deutsche Börse, which are based on single counting of all transactions in the order book of Xetra and on the floor, shows that a total volume of 101 billion euros was traded in equities on the German stock exchanges in November. Of this total, roughly 89 billion euros was traded in German equities, 74.9 billion euros (about 84 percent) through Xetra, and about 10.4 billion euros (or 12 percent) in trading on the floor of FWB. Trading on Xetra set a new record with a 90.7 percent share of all turnover in the DAX blue chips. In the MDAX stocks, Xetra set another new record for the sixth month in a row, with 64.9 percent of the volume traded in these issues. Xetra also continued to make gains in the SMAX segment with 32.4 percent of the turnover in these shares, and 63 percent of the total volume traded in Nemax 50 stocks was posted through the exchange's electronic trading system in November.

The first nine days of trading in the new, actively managed funds in the XTF trading segment were very successful, as Deutsche Börse reported: Volume of roughly 60 million euros was traded in 11 active funds in Frankfurt, and more than 97 percent of the turnover in the newly listed fund products was posted through Xetra. The most heavily traded fund share was the biotech equity fund, with volume of 9.4 million euros traded, followed by the fund for US techno stocks. Together with the index funds that have already been listed since April, a total volume of 288 million euros was traded in the XTF segment in November.

Siemens AG was the most active DAX blue chip in November with volume of 11.2 billion euros traded in its shares. MLP was the leading MDAX stock, with 367.2 million euros in shares traded, and Intershop was the top Neuer Markt stock with share turnover of 1.1 billion euros. In the SMAX (small-cap quality) segment, TFG ranked first with a volume of 28.1 million euros traded in its shares.