DAX &Co: Fresenius, Zalando, Evonik and Nordex top, Porsche, BMW, Thyssenkrupp and Varta slide

The German stock market suffered losses on Tuesday. The leading index DAX eventually lost 1.5 percent to 17,766.23 points. The stock market’s mid-cap MDAX was under less pressure, falling 1.8 percent to 25,973.85 points. Accordingly, there were few stocks that were able to exit the trade and increase.

Fresenius was one of these with an increase of 4.6 percent. The clinic operator and healthcare group announced the US market launch of the Tyenne biosimilar the previous evening. This is a product of the patented Tocilizumab antibody against various autoimmune diseases.

In addition, Beiersdorf, which had reported figures in the morning, Covestro and Zalando were able to leave the business with a profit.

Auto stocks such as Porsche AG and BMW were weak, each losing nearly three percent.

In the MDAX, shares of Redcare Pharmacy rose the most, up 1.2 percent, followed by Nordex, Evonik and Hella. Evonik benefited from strong first quarter figures. Analysts still see room for improvement in market expectations for the rest of the year. The stock ultimately gained 0.7 percent. Shares of wind turbine maker Nordex recorded a price increase of 1.1 percent after the announcement of incoming orders for the first quarter.

Steel stocks suffered losses, which in this country can be seen in the prices of Salzgitter and Thyssenkrupp with discounts of 6.7 and 5.7 percent respectively. China’s record high steel sales are bad news for European manufacturers, JPMorgan said.

Varta shares are also still under significant pressure. On Thursday evening, Varta had to admit that his idea of ​​restructuring was no longer sufficient. Since then, the stock has fallen from one low to another.

(With material from dpa-AFX)