German shares TFN market data at 10.55 am

German shares TFN market data at 10.55 am

	Published : Thu, 18 Oct 2007 09:58 By : Agencies Print this Story

FRANKFURT (Thomson Financial) - German shares TFN market data at 10.55 am

DAX - up 10.66 points, or 0.13 pct, at 7,996.07

MDAX - down 5.76 points, or 0.05 pct, at 10,658.65

TecDAX - down 3.84 points, or 0.38 pct, at 1,012.04

DAX futures - down 1.50 points, or 0.02 pct, at 8,054.00

Major Risers:

-MAN, up 6.64 eur, or 5.57 pct, at 125.85, after a newspaper report said Sweden's Scania AB is preparing to launch a bid for the German heavy trucks manufacturer.

-Volkswagen, up 5.22 eur, or 3.00 pct, at 179.30, due to the same article as VW owns an approximately 30 pct stake in MAN and VW supervisory board chairman Ferdinand Piech reportedly played a crucial role in hammering out a deal.

-Henkel, up 0.41 eur, or 1.17 pct, at 35.58, rebounding from two days of losses

-Bayer, up 0.60 eur, or 1.02 pct, at 59.44, continuing the stock's long-term outperformance

-Adidas, up 0.43 eur, or 0.98 pct at 44.34, as traders pointed to the lasting effects of an announcement on Monday that the sporting equipment manufacturer might launch a share buyback programme in the future

Major Decliners:

-SAP, down 0.61 eur, or 1.54 pct, at 38.99, for several reasons after release of Q3 results including: unfulfilled expectations that the company

would raise full-year guidance, a lack of information about its planned purchase

of French peer Business Objects and an anticipated stagnation of sales in the

fourth quarter.

-Deutsche Postbank, down 0.55 eur, or 1.4 pct, at 52.35

-ThyssenKrupp, down 0.41 eur, or 0.95 pct, at 42.87, which traders attributed to lasting technical trading reason as the shares have encountered key resistance levels

-Siemens, down 0.91 eur, or 0.97 pct, at 92.65

-Hypo Real Estate, down 0.24 eur, or 0.55 pct, at 43.78, correcting from gains yesterday due to Morgan Stanley initiating coverage on the bank with an 'overweight' rating and a price target or 63 eur per share. Traders said renewed subprime credit concerns out of the US might also be playing a role.

Other Stocks in Focus:

-TecDAX-listed Freenet, down 0.70 eur, or 3.68 pct, at 18.30, after Boersen-Zeitung cited a United Internet AG spokesman as saying that the TecDAX peer will not launch a takeover bid for Freenet this year.

Tyler.Sitte@thomson.com

ts/sal

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