Dax trying to recover – but delivery bottlenecks remain an issue

Released on 05.10. 2021

  • The Dax is the most important German share index. Photo: Arne Dedert

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Frankfurt / Main (dpa) – The Dax has started a recovery attempt after three consecutive days of loss. After a mixed start of trading by noon, the German leading index rose by 0, 48 percent to 15. 108, 14 Points to.

The MDax of the medium-sized stock market values ​​went up by 0, 36 Percent on 33. 952, 23 points before. The EuroStoxx 50, the leading index of the Eurozone, recorded an increase of 0.9 percent.

Market expert Andreas Lipkow from Comdirect was rather skeptical about the near future: “The situation remains tense, and many negative impulses are currently affecting the financial markets.” On the one hand, rising energy prices made life difficult for market participants and fueled fears that inflation would continue to accelerate. On the other hand, according to Lipkow, the situation on the Chinese real estate market around the Evergrande Group remains tense.

Positive news came from Infineon: The semiconductor manufacturer expects increasing sales and profits. The targets were above the expectations of the analysts, wrote Sandeep Deshpande of the US investment bank JPMorgan. Infineon is profiting from the booming demand for chips. The shares rose by around three percent.

In contrast, the often corona-related scarcity of certain goods such as computer chips is affecting more and more companies in many areas of the economy. New business collapsed at the leasing specialist Grenke. According to the company, the cause was global delivery bottlenecks, especially for manufacturers of computer and office technology. The shares fell by more than eight percent and were thus the bottom of the SDax small cap index.

At the end of the MDax, Rational’s shares lost almost three percent. Because of delivery problems, there is a question mark behind thousands of oven deliveries at the commercial kitchen supplier, wrote analyst Sebastian Kuenne from the Canadian bank RBC eight percent are happy, which meant first place in the SDax. The online retailer sees itself on track after nine months. The capacity bottlenecks have now been eliminated.

At the top of the Dax, the shares of Hellofresh stopped their price slide and rose by four and a half percent. In spite of high investments, the cash on hand of the cooking box provider is so ample that investors could be involved in the form of share buybacks, wrote analyst Sarah Simon from the private bank Berenberg.

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