Sept. 16 (Bloomberg) -- The following stocks may make significant gains or losses in German markets tomorrow.

Futures that track Germany's benchmark DAX Index rose 0.4 percent to 3967 as of the 8 p.m. close Frankfurt time on Eurex AG, the world's biggest futures market. The DAX closed up 0.6 percent at 3963.65 on the Xetra electronic-trading system.

The stock symbols are in parentheses after the company names and prices are from Xetra close unless otherwise stated.

Aareal Bank AG (ARL GY): Germany's No. 6 commercial property lender said its biggest shareholder increased its stake to 46 percent after buying shares for about 85 million euros as part of a rights offer. The shares rose 19 cents to 23.75 euros.

Hypo Real Estate Group (HRX GY): Germany's No. 2 commercial property lender may be active after Lone Star Funds, a U.S. investment firm that buys troubled loans, agreed to acquire 3.6 billion euros of mostly defaulted loans from Hypo Real Estate in the country's biggest such purchase. Hypo Real Estate shares rose 99 cents to 27.05 euros.

TUI AG (TUI GY): Europe's largest travel company completed the sale of its stake in a French maker of mobile buildings to investment firm TDR Capital LLP for 320 million euros. TUI shares fell 1 cent to 15.09 euros.

To contact the reporter on this story: Nadja Brandt in Los Angeles at rogoszynski@bloomberg.net.

Last Updated: September 16, 2004 17:21 EDT