After the price increase of the previous day, the German stock market went down again on Friday. Investors increasingly sold their shares. In early trading, the Dax lost 0.87 percent to 15,374.47 points. The day before, it had risen to around 15,521 points following central bank decisions, reaching its highest level in almost a year. The MDax of medium-sized companies fell by 1.13 percent on Friday to 29,473.45 points. The EuroStoxx 50, the leading index in the euro zone, was 0.6 percent lower.
In the technology sector, which dominated the rally in New York the day before, disappointing quarterly figures from the US dampened sentiment again. Apple, Amazon and Alphabet didn’t know how to convince. In Germany, the titles of the chip manufacturer Infineon lost almost two percent after their high growth the previous day.
Henkel gained almost half a percent at the top of the Dax. Dealers referred to surprisingly good quarterly figures and an increased profit outlook from US competitor Clorox as drivers.
The Swiss online pharmacy Zur Rose sells its Swiss business to Migros and thus focuses on the German market. That was not well received by the investors of the competitor Shop Apotheke, the papers slipped by 4.5 percent in the SDax small-cap index.
A positive analyst assessment of SGL gave the carbon fiber specialist a boost, gaining 8.6 percent. Expert Andreas Heine from the Stifel investment company raised the price target from 9 to 13 euros. His optimism is based primarily on the silicon carbide semiconductor market, which should drive the Graphite Solutions business.
