The German equity market soared from 1931 and continued to rise when Hitler started the Blitzkrieg. The market was closed in Aug, 1944 and remained closed until mid 1948. When it opened it took a straight plunge. The following chart shows the performance of the CDAX Index from 1930 to 1950: Click to enlarge Source: Stock …
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Germany-based tire and auto-parts maker Continental AG’s ADR(CTTAY) had a ratio change recently resulting in a 2 for 1 stock split for ADS holders. CTTAY closed at $32.35 on Oct 29 and opened at $16.13 on Oct 30 before ending the day at $16.33. The depository’s announcement on the ratio change is listed below. The …
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Germany’s DAX Index is down by 10.8% year-to-date. It is one of the worst performers among the major developed world indices. Click to enlarge Source: Yahoo Finance Over the past five years also the index has swung between a narrow range as shown in the chart below: Click to enlarge Source: Yahoo Finance As …
German auto giant Volkswagen AG has terminated its ADR program effective July Aug 13, 2018. The ADR traded under the ticker VLKAY for many years. Below is the news of the termination from the company’s site: Volkswagen AG has reached the approved registration limit for the American Depositary Receipt (“ADR”) programs and decided not to …
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BASF SE(BASFY), the world’s largest chemical maker has announced a stock split of its ADR shares. The German company implemented a 2: 1 stock split on the ADR back in 2008. This year the split ratio is 4:1. The depository BNY Mellon published the following details on this split: The Bank of New York Mellon, …
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