ROUNDUP/Aktien Frankfurt opening: Dax is running out of steam | news

ROUNDUP/Aktien Frankfurt opening: Dax is running out of steam |  news

FRANKFURT (dpa-AFX) – The German stock market was unable to maintain its moderate initial gains on Wednesday and slipped slightly into the red. “The stock markets are going through a stormy autumn,” says LBBW. Most recently, however, the market shook off the high level of uncertainty caused by US inflation data in the middle of the month. This “robust constitution” speaks for “a conciliatory end to the year”.

The Dax (DAX 40) recently fell by 0.01 percent to 12,764.39 points. The MDax of medium-sized German companies lost 0.61 percent to 23,105.95 points. The eurozone benchmark index EuroStoxx 50 (EURO STOXX 50) rose by around 0.3 percent.

Among the individual stocks, the shares of Sartorius (Sartorius vz) came under massive selling pressure. The pharmaceutical and laboratory equipment supplier also recorded high growth in sales and profits in the third quarter, although the pace of growth has recently slowed. Company boss Joachim Kreuzburg therefore cut back on the sales target for 2022. The Sartorius shares fell to their lowest level since the beginning of July and recently lost more than 11 percent in value.

The diagnostics company Stratec (STRATEC SE) is now expecting a decline in sales for 2022 due to a surprising increase in backorders. The drop in revenue based on constant exchange rates should be five to eight percent, it said. Up until now, Stratec had expected sales to be at the previous year’s level. Analysts had even expected a slight increase in sales. The company is sticking to its target of an adjusted EBIT margin of 16.5 to 18.5 percent. The share price fell by 4.5 percent.

The uncertainty of many investors during the crisis caused trading at the online broker flatexDEGIRO to collapse in the third quarter. Compared to the same period last year, the number of transactions fell by a good 16 percent. Although sales increased by four percent, operating profit (adjusted Ebitda) fell by 37 percent. Nevertheless, the company is sticking to its annual targets. The Flatexdegiro share recently lost 4.4 percent./edh/stk

Related posts
All Comments
ROUNDUP/Aktien Frankfurt opening: Dax is running out of steam | news There are no comments yet! You can make the first comment.
Leave a Comment