The strained financial position of some countries in the euro zone and the devaluation of the euro that resulted were decisive factors on the stock exchanges in the second quarter. Moreover, the measures introduced by the European Union (EU) fuelled fears of a marked slowdown in the economy, which also weighed on the performance of our shares.
Deutsche Post shares were down a total of 11% from the start of the year, ending the quarter on 30 June 2010 at €12.01. The drop was 6.5% compared with the preceding quarter. The DAX fluctuated only slightly over the course of the year, closing the second quarter at 5,965.52 points. The broader EURO STOXX 50 came under pressure, particularly in the second quarter, and lost 13% of its value in the first six months of the year.
The average trading volume of our shares was 6.2 million shares per day. Although this was still slightly below the prior-year volume (6.5 million shares), it was up by around one million shares compared with the first quarter of 2010.
|Deutsche Post shares, H1|
|Number of shares1)||millions||1,209.0||1,209.0|
|Average trading volume per day2)||shares||6,495,148||6,220,669|
|1)||At 30 December 2009 and 30 June 2010.|
|2)||In the first half of the year.
|Peer group comparison: closing prices|
|30 Dec. 2009||30 June 2010||+/– %||30 June 2009||30 June 2010||+/– %|
|Deutsche Post DHL||€||13.49||12.01||−11.0||9.29||12.01||29.3|
|Kuehne + Nagel||CHF||100.50||111.80||11.2||85.10||111.80||31.4|