October 2008 Archives

A curious case of the Frankfurt stock exchange. Sunday night arrives the announcement that Porsche's majority shareholder Volkswagen has increased its share of capital Volkswagen, from 35% to 42%. So accomplice shells from the hedge fund, probably discovered on the title but this is a personal interpretation, the title Monday, yesterday, opened sharply doubling the value upside on Friday.

Yesterday always Porsche announces intention to arrive by the end of the year to 75% of the shares in Volkswagen so The title ends with an increase of 130% dragging upward Dax30 the index of the Frankfurt stock exchange. This morning and continues upward for a few minutes title touched 1000 euro as the market capitalization of Volkswagen reaches share 363 billion, exceeding the American company Exxon Mobile, to 343 billion, the first company in the world for capitalization.

In the morning the title is always positive but reduces the gains in this moment is to 778.95 euros, an increase of 49% to dragging increase the Frankfurt stock exchange.