Stock Report
Developments in the German and European stock markets
The stock markets have experienced significant losses in the course of 2008. In the first six months of the year, persistent fears about an imminent slowdown in the US economy and further fallout from the global financial crisis were responsible for declining stock markets. Owing to the change in sentiment in many commodity shares and in the US dollar, the stock markets experienced a slight recovery at the beginning of the third quarter. Following these initial price gains, the turbulence generated by the financial crisis resulted in a slump on the global stock markets. In this volatile market environment the German DAX share index closed at 5,831 points on September 30, 2008, representing a loss of 27.7 % compared to the end of the previous year. Across the board, small and mid-cap stocks were affected even more significantly from the financial crisis and the uncertain economic expectations. At the end of the reporting period, the development of the SDAX lagged behind the DAX and lost 34.6 % over the same period.
Logwin share
The share price of Logwin AG could not escape the turbulences on the stock markets, despite stable growth in operations during the reporting period and despite the successful reorganisation that included the change in company name. The Logwin AG share price closed at 1.04 euros on September 30, 2008.
A total of 10.7 million Logwin AG shares were traded on all German stock exchanges in the reporting period. This represents a turnover of 18.3 million euros, with the average volume per trading day amounting to 55,663 shares.
As of September 30, 2008 DELTON AG, Bad Homburg, (Germany), held a majority of shares in Logwin AG through its wholly-owned subsidiary DELTON Vermögensverwaltung AG, Bad Homburg.
The members of the Board of Directors and the Executive Committee of Logwin AG do not hold any shares or options to purchase shares in Logwin AG.