After another high in the Dax since the beginning of 2022 the day before, the recent price rally is losing momentum. The Dax fell moderately by 0.18 percent to 15,854.28 points in the first few minutes of trading on Wednesday. Hardly anything had happened on Wall Street on Tuesday and the stock exchanges in the Far East mostly posted losses. However, stockbrokers do not rule out that the leading German index will again head for the 16,000 mark that is within reach.
The MDax of the 50 medium-sized stock market stocks fell by 0.41 percent to 27,858.67 points on Wednesday morning. The leading eurozone index, the EuroStoxx 50, was also down 0.21 percent.
The 16,000 mark and the record high of 16,290 points from November 2021 continue to fascinate investors, wrote market expert Thomas Altmann from asset manager QC Partners. Profit-taking has so far remained manageable. The concern of missing a new record high is currently greater than the fear of a setback.
Looking at the individual values, there was bad news from the chip industry. At the Dutch supplier ASML, orders fell significantly in the first quarter compared to the final quarter of 2022. The shares then came under pressure and also pulled German stocks such as Infineon, Aixtron and Carl Zeiss Meditec down by around one percent each.
A surprising capital increase by Gerresheimer weighed on the share price. The papers of the manufacturer of special packaging lost 1.4 percent. The company wants to invest the fresh funds in growth, and analysts praised this strategy.
Real estate stocks were on the losing side, while Vonovia was the weakest stock in the Dax with minus 1.7 percent. Aroundtown and TAG Immobilien were at the bottom of the MDax. The sector had recovered somewhat in recent weeks from previously heavy losses.
Hypoport shares lost 2.8 percent. Due to the slump in the real estate market as a result of the sharp rise in interest rates, the financial service provider Hypoport fell well short of the record figures from the same period last year in the first quarter. Compared to the very weak final quarter of 2022, however, there were slightly positive developments. CEO Ronald Slabke sees a bottoming out. However, it is still too early to conclude that there will be a turnaround on the financing market.
