Monday, April 25, 2011

German Equity Market Preview April 25, 2011, Volkswagen, Deutsche Boerse

German Equity Market Preview April 25, 2011, Volkswagen, Deutsche Boerse : The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.

The X-DAX Index (DAX) climbed 47.53 points to 7,313.05. The measure, derived from trading in DAX Index futures, provides an estimate of Germany’s benchmark index. The DAX rose 46.3 points, or 0.6 percent, to 7,295.49 on April 21.

Deutsche Boerse AG (DB1) (DB1 GY): NYSE Euronext said its takeover by Deutsche Boerse to create the world’s biggest exchange operator will produce 100 million euros ($146 million) more in cost savings than previously announced. The shares rose 0.8 percent to 55.10 euros.

Kabel Deutschland AG (KD8 GY): Kabel Deutschland Holding AG (KD8) and ProSiebenSat.1 Media AG (PSM) are likely candidates to join the DAX Index when their owners sell more of their stakes, increasing the number of shares traded, Euro am Sonntag reported April 24. Kabel Deutschland’s shares rose 2 percent to 40.69 euros. ProSiebenSat.1 Media (PSM GY) fell 2.6 percent to 18.05 euros.

Volkswagen AG (VOW) : Porsche SE may increase sales by 10 percent this year, Automotive News Europe reported, citing unidentified people at the company. The shares rose 0.7 percent to 110.75 euros. Porsche’s preferred shares (PAH3 GY) were little changed at 44.26 euros.
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