Record Turnover On the German Stock Exchanges In January - Xetra Shows Record Turnover

The German stock exchanges posted a new turnover record in January with a total volume of 601 billion EURO traded, more than in any month before. Total volume for the month was 21 percent higher than the January 1999 figure, and about 24 percent higher than the December volume. The total comprises 449 billion euros in equities and warrants, and 152 billion euros in fixed-income securities. The order-book statistics, which are based on single counting of all transactions in the order book of Xetra and broker-supported trading on the floor, show equities turnover of about 136 billion euros for all German stock exchanges in January. Of this total, volume of 115 billion EUROs was traded in German equities, with 78 percent (90 billion EUR0s) of this volume posted through Xetra, Another 16 percent, or roughly 18 billion EUR0s in turnover, were posted in trading on the floor of FWB, the Frankfurt Stock Exchange. The Xetra share of trading also increased further in the second-line stocks. A new record was set in the share of monthly turnover in NEMAX-50 stocks with 39 percent of the total (previous record: 34 percent in December 1999). Xetra also showed further increases in turnover for the SMAX small-cap quality segment; 24 percent of the turnover in SDAX stocks is now posted through Xetra. The order-book statistics show that Mannesmann was the most active DAX blue chip in January with volume of about 16 billion EURO traded in its shares. WCM was the leading MDAX stock, with 244 million EURO in shares traded, EM.TV the top Neuer Markt stock, at 720 million EURO. In the SMAX segment, RSE ranked first with a volume of 181 million EUROs traded in its shares.