Frankfurt Stock Exchange
Dax again with losses after Easter
The Dax is the most important stock index in Germany. Photo: Fredrik von Erichsen/dpa
© dpa-infocom GmbH
The Dax came out of the long Easter weekend on Tuesday with losses. The leading German index lost a good one percent on Tuesday, but remained above the psychologically important mark of 14,000 points at 14,019.13 points.
The Dax came out of the long Easter weekend on Tuesday with losses. The leading German index lost a good one percent on Tuesday, but remained above the psychologically important mark of 14,000 points at 14,019.13 points.
The MDax fell by 0.85 percent to 30,407.83 points. The Eurozone index EuroStoxx lost 1.3 percent.
Experts pointed to a number of ongoing uncertainties, most notably the war in Ukraine, as a burden. But lockdowns in China and the monetary policy perspectives are also leaving their mark due to a possible slowing down of the economy.
In Germany, it was primarily industry-related mood trends that moved prices. German car values, for example, became a positive exception, with VW shares rising by 1.8 percent at the top of the Dax. Over the long Easter weekend, it became known that the VW plants in Changchun, China, were gradually resuming production after a month’s standstill.
On the losing side were mainly stocks that were seen as winners of the corona pandemic in the past two years, but have recently had a difficult time with investors. These include some stocks from the online and technology sector, but above all health stocks: stocks from the laboratory equipment supplier Sartorius brought up the rear in the Dax with a discount of 6.1 percent, while those of Merck KGaA fell by 3.5 percent. Hellofresh shares were also included at a discount of 3.1 percent.
A negative factor in the MDax were the Hypoport shares, which fell by eight percent. Experts have recently indicated that higher interest rates and rising construction costs are not conducive to the financial services provider’s real estate business.