Shares Frankfurt: Dax under pressure
On the company side, the agenda on the German stock market was clear at the beginning of the week. With the Vodafone radio tower company Vantage Towers and the IT service provider Adesso, companies from the second tier are presenting final business figures.
Vantage was unable to convince investors: with a price drop of almost four percent, the shares continued the recent downward trend and were the MDax tail light. JPMorgan analyst Akhil Dattani attested the company a mixed final quarter.
Adesso reported on the first quarter, but stuck to its forecast for the year due to a possible slowdown in the economic environment. Investors are nevertheless satisfied: the papers listed in the SDax small-cap index rose in price by around five percent and were thus able to recover further from the most recent low since August.
The industrial and steel group Thyssenkrupp recently posted a price drop of more than half a percent after the recent recovery. Its submarine and naval ship division Thyssenkrupp Marine Systems (TKMS) will take over parts of the insolvent MV shipyards in Mecklenburg-Western Pomerania and aim to play a leading role in the consolidation of the shipyard industry in Germany and Europe. A trader admitted the news was little news.
Hit analyst comments in focus. With an increase of almost two percent, the Sartorius title is one of the Dax favorites after the Swiss bank UBS upgraded it and now recommends buying it. This continued the recovery from the low reached last week since July 2020. The share valuation misjudges the growth potential of the laboratory supplier, analyst Michael Leuchten justified his now positive assessment.
New buy recommendations from HSBC and the private bank Berenberg also gave the medical technology group Carl Zeiss Meditec and the provider GFT Technologies, which specializes in software for the financial sector, price gains of 2.8 and four and a half percent respectively.
The euro was last listed at 1.0430 US dollars. The European Central Bank (ECB) set the reference rate at $1,0385 on Friday.
The Rex pension index is 0.47 percent at 136.06 points. On the other hand, the current yield rose from 0.74 to 0.83 percent. The Bund future lost 0.35 percent to 153.33 points./gl/jha/
— By Gerold Löhle, dpa-AFX —