The German stock market was initially weaker on Tuesday. A good hour after the start of trading, the leading index Dax gained 0.09 percent to 14,460.54 points. It thus stayed within the consolidation range that has been in effect since mid-November. It hit another high since June on Friday at 14,584 points and weakened at the beginning of the new week. The intermediate high at 14,709 points remains the orientation mark upwards.
The MDax for medium-sized stocks was down 0.27 percent on Tuesday morning at 25,832.49 points. The Eurozone leading index EuroStoxx 50 rose by 0.09 percent to 3960.25 points.
Again, there was no tailwind from the overseas stock exchanges. The day before, there had been a clearer setback on the US market from a high level, and in Asia there was a lack of a uniform trend after the strong start to the week in China and Hong Kong.
Important economic data was also scarce. Industrial orders in Germany in October - a predictor of the industrial production figures due out on Wednesday - rose more sharply than expected month-on-month.
Price-moving company news was also few and far between. Eckert stood out in the important German share indices
On the other hand, the shares of Flatexdegiro stabilized a little after the previous day's slump with an increase of 1.2 percent. Although there with the investment bank Keefe, Bruyette
In the Dax, Fresenius Medical Care (FMC) shares led the list of losers with minus one and a half percent. After only two months there is the next change of management at the troubled dialysis company. Carla Kriwet resigned from her position as chairwoman and member of the board on Monday evening. Helen Giza takes over the management of the company. She will also remain chief financial officer until a successor is found. Jefferies analyst James Vane-Tempest spoke of a surprise. Like a stockbroker, he referred to strategic differences between Kriwet and Fresenius boss Michael Sen, who has been in office since October, about the right course for a trend reversal. With a price decline of 46 percent since the beginning of the year, FMC is one of the biggest losers in the Dax.
The Talanx shares gained 2.8 percent at the top of the MDax on the capital market day. According to dealers, the announced increase in the dividend of the insurance group is also somewhat clearer than expected on the market, as is the increase in the distribution planned for 2025. The basis for this is the significant increase in profits announced by then.
Otherwise, analyst comments caused price movements. The best SDax value with plus six and a half percent was PVA Tepla. The investment bank Oddo BHF upgraded the shares twice and now gives a positive investment recommendation. Despite a complicated environment, 2023 should be a growth year for the high-tech company, wrote analyst Melek Laabidi as a reason.
In contrast, Fraport was one of the biggest losers in the MDax with minus two and a half percent. The US bank JPMorgan currently prefers other infrastructure stocks to the Frankfurt airport operator.
