Investors on the German stock market started the new week at a leisurely pace. The leading index Dax hardly moved at all and was last listed at 15,482.30 points. After the high for the year two weeks ago at 15,658 points, the stock market barometer lacks a clear trend.
The MDax of medium-sized companies rose slightly to 28,860.57 points by Monday afternoon. The euro zone selection index EuroStoxx 50 went up minimally. Overall, the start of the week should continue to be quiet due to the closed US stock exchanges on “President’s Day”.
Investors used the weak start to the week to take profits from stocks that had recently performed well. At the end of the Dax, the papers of the engine manufacturer MTU lost 2.4 percent. In addition, shares in the aerospace group Airbus lost 1.8 percent.
Commerzbank shares brought up the rear in the MDax with a minus of two and a half percent after reaching a high since 2018 on Friday. The fact that the financial institution returned to the leading index with the departure of the gases manufacturer Linde from the Dax at the end of the month did not change anything. The step had been expected.
The shares of Elmos even reached a record high at the end of last week and now hold last place in the SDax small-cap index with a discount of around five percent. On the other hand, Gerresheimer shares jumped to their highest level in a good twelve months on Monday and gained two and a half percent at the top of the MDax after a positive comment from analysts.
Teamviewer’s shares rose by almost two percent after investors offered to buy the traditional English club Manchester United. According to dealers, you could increase the chance of Teamviewer getting out of the expensive sponsorship contract.
