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Securities trade on German stock exchanges in April fell by 1 percent to 281.2 billion euros ($361.8 billion) from April 2004 and 8 percent from March, operator Deutsche Boerse said on Monday. The slowdown was mainly the result of a slump in turnover in fixed income securities, which fell to 44.4 billion euros from 58.8 billion in March, Deutsche Boerse statistics showed. Equities volumes grew by 7 percent from April 2004 to 95.4 billion euros, 94 percent of which was German equities, according to order statistics covering the Xetra electronic trading system and Frankfurt bourse floor trading.
But compared to March, when order book volume hit 96.8 billion, April volumes were down 1.5 percent.
At the Eurex derivatives exchange, April volumes rose 21 percent year-on-year to 104 million contracts. But against March, April volumes were down 10 percent.
In the blue chip cash equity market, the top gainer last month was Commerzbank, up 1.6 percent, while the loss-leader was Infineon, down 12 percent.
Among midcap stocks, Norddeutsche Affinerie was the top faller, down some 15 percent. The leading gainer was Deutsche Euroshop, up some 8 percent.
Among tech stocks, Aixtron stood out with a loss of almost 25 percent, while Qiagen added more than 10 percent.
In the small cap segment, Fluxx.com gained more than 56 percent in April, while CE Consumer Electronics lost 23 percent.

Copyright Reuters, 2005

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