The Dax rose in thin trading on Wednesday after an almost unchanged start. Supported by friendly US stock exchanges the day before, the leading German index gained 0.36 percent to 16,766.31 points in early business. The MDax of medium-sized companies rose by 0.74 percent to 27,143.35 points. The Eurozone leading index EuroStoxx 50 rose by 0.43 percent to 4541.02 points.
The Dax rose in thin trading on Wednesday after an almost unchanged start. Supported by friendly US stock exchanges the day before, the leading German index gained 0.36 percent to 16,766.31 points in early business. The MDax of medium-sized companies rose by 0.74 percent to 27,143.35 points. The Eurozone leading index EuroStoxx 50 rose by 0.43 percent to 4541.02 points.
Trading was very quiet in the first hour of trading as most major investors have already closed their books for 2023. “On the last trading day before Christmas, trading volume fell to a four-week low,” said portfolio manager Thomas Altmann from QC Partners. He also expects low volumes for the three remaining trading days of the year.
Overall, the year 2023 was very successful for stock investors in this country. After all, the Dax has gained a fifth of its value since the beginning of the year.
In the sparse news, Bayer shares were among the top DAX stocks with a plus of 2.7 percent. After a series of defeats, the agar chemicals and pharmaceutical company won a glyphosate lawsuit in the USA. How seriously the glyphosate trials in the USA, a setback in the development of an important drug candidate and a clouding of the agar business environment have weighed on Bayer’s shares this year can be seen from the share price so far this year: This is currently a A loss of 30.5 percent was recorded, making Bayer the worst performer of the DAX stocks after the energy technology company Siemens Energy and the online fashion retailer Zalando.
Siemens Energy, the DAX favorite this Wednesday, rose by 4.4 percent. The annual loss is still just under 33 percent. Zalando rose by 0.5 percent, which amounts to a current annual loss of almost 36 percent.
Nordex, one of the top stocks in the MDax, gained 4.0 percent this morning. However, over the course of the year, the wind power company’s shares have lost almost 23 percent so far. This means that they are also among the bottom performers on the German stock market.
Source: Stern
