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D.Logistics, Deutsche Boerse, Stada May Be Active: German Equity Preview
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.
DAX Index futures expiring in June lost 0.5 percent to 6,203.50 as of 8:25 a.m. in Frankfurt. The benchmark DAX Index slipped 0.5 percent to 6,222.41 yesterday.
D. Logistics AG (LOI GY): The company posted earnings before interest and tax of 3.8 million euros in 2009 compared with 14.6 million euros a year earlier, as sales dropped. The shares rose 0.9 percent to 1.22 euros.
Deutsche Bank AG (DBK GY): Germany’s biggest lender decided to convert a $5 million murabahah Islamic financing to Gulf Finance House EC into 13.2 million shares, Bahrain-based Gulf Finance said in a statement to the Dubai bourse today. The shares lost 1.5 percent to 57.25 euros.
Deutsche Boerse AG (DB1 GY): The operator of the Frankfurt bourse will seek shareholder approval of the management board’s new compensation system, according to an agenda for the annual general meeting scheduled for May 27. The shares climbed 0.5 percent to 56.17 euros.
Stada Arzneimittel AG (SAZ GY): The German generic-drug maker was rated “buy” in new coverage at Jefferies Group Inc. The shares fell 2 percent to 29.23 euros.
To contact the reporter on this story: Julie Cruz in Frankfurt at email@example.com.