Concerns about interest rates led the DAZX to losses, the German stock index fell by 1.05%, writes the magazine Wirtschaftswoche (WiWo) on 24th February.
The worst result in Dax was shown by the German chemical giant BASF (minus 6.6%). One trader saw the early termination of the share buyback program and worsening prospects for the chemical company as a burden.
On the MDax, shares of German ultrapure silicon wafer maker Siltronic fell more than 13% to hit the bottom of the index. The chip provider expects a significant decline in profit and operating income in 2023 due to weakening demand.
Shares of 1&1 fell nearly 8%. The telco’s network expansion is likely to be delayed, writes expert Simon Stippig of analyst firm Warburg Research.
Source: Rossa Primavera
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