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Equities turnover on all German stock exchanges rose in July 2006 compared with the previous year. 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 that the German stock exchanges generated an equities turnover of €117.2 billion in July – an increase of five percent year-on-year (July 2005: €111.7 billion). German equities accounted for €110.6 billion of this total, with foreign equities comprising €6.6 billion.
Based on the total turnover statistics, a total volume of €328.6 billion was traded on all German stock exchanges in July 2006 (July 2005: €331.4 billion). This total included €295.3 billion in equities, warrants and exchange traded funds, as well as €33.3 billion in fixed-income securities.
In July, 7.7 million transactions were executed on Xetra – 9 percent more year-on-year (July 2005: 7 million).
According to the Xetra liquidity measure (XLM), Allianz was the most liquid DAX® blue chip in July with 6 bp for an order volume of €100,000. Merck was the most liquid MDAX® stock with 18 bp. The most liquid equity-based ETF was the DAXEX with 5 bp. The most liquid foreign stock was Royal Dutch with 10 bp. XLM is a measure of liquidity in electronic securities trading based on the implicit transaction costs and is calculated for securities in continuous trading in basis points (1 bp = 0.01 percent) for a roundtrip in the Xetra order book.
SAP was the strongest DAX stock on Xetra in July at €7.8 billion. Merck was the top MDAX stock at €1.1 billion, while Sixt led the SDAX® stocks at €54.2 million and Solarworld headed the TecDAX® at €768.8 million. At €2.1 billion, the DAXEX was once again the exchange traded fund with the largest turnover.
DAX®, MDAX®, SDAX® and TecDAX® are registered trademarks of Deutsche Börse AG.
