Stock Report
Developments in the stock markets
The stock markets were characterized by sharp swings of mood and price in the first half year of 2010. While share indices started slightly positive into the year, they suffered losses from the end of January onwards. The DAX recorded its lowest point for the year so far at 5,434 points on February 5. However, share prices recovered during March and April, with the DAX clearly exceeding the 6,000. From the end of April problems in the European banking market and the government debt crisis in Europe dampened the mood on the share markets. Share indices came under pressure, experiencing high volatility and price corrections, as a result of fears that the debt crisis could spread and influence economic growth. The DAX closed the reporting period at 5,966 points, slightly above its level at the end of last year.
Logwin share
The price of the Logwin share increased steadily in value in the first quarter, climbing to its highest price of the year of 1.35 euros at the end of March. The share was not able to maintain this level in the second quarter and suffered significant losses. The Logwin share had a closing price on the Xetra of 1.03 euros on June 30, 2010, which was 4.6 % higher than at the end of last year. At the end of the reporting period the market capitalization was just under 115 million euros, after 110 million euros at the end of last year. A total of 2.0 million Logwin AG shares were traded on all German stock exchanges in the first six months. This represented a turnover of 2.2 million euros.
The Logwin share is listed in the Prime Standard of the Frankfurt Stock Exchange and in addition to the minimum requirements of the regulated market meets high international disclosure and transparency requirements.