Average daily share turnover
on German stock exchanges (million)
5.0
5.6
4.1
March 31, 2005
Dec. 31, 2005
Change
March 31, 2006/
Dec. 31, 2005
%
March
31, 2006
Share price (EUR)
25.47
33.06
35.29
-6.3
Market capitalization (EUR million)
18,602
24,145
25,774
-6.3
Stockholders’ equity (EUR million)
10,538
12,105
11,157
+8.5
Number of shares entitled to the dividend
(million)
730.34
730.34
730.34
0.0
DAX
4,349
5,970
5,408
+10.4
Following an excellent performance by Bayer shares in 2005
(+50.5 percent), the first two months of 2006 were dominated
by profit-taking. From March 2006, investors’ interest
focused on the planned acquisition of Schering.
Bayer stock closed at EUR 33.06 on March 31, 2006, down 6.3
percent from the closing price on December 31, 2005. Over
the same period the DAX rose 10.4 percent to 5,970.