Handelsblatt analysis: Up to 22 percent price gain after purchase: Insiders bought these stocks in July
In the past month, executives and supervisory board members have hardly sold any shares in their own companies. They specifically used price setbacks to buy - in one case on a million-euro scale.
Following a series of record-setting days on Germany's stock market, investors have taken a brief respite. The DAX index ended Thursday's trading session nearly unchanged at 26,140 points. On Wednesday, the leading index closed at 26,204 points, marking a decline of 0.8 percent. Earlier, the leading index had reached a best mark near 26,404 points.
Despite the recent correction, market analyst Martin Utschneider of Robomarkets stated that the broader chart pattern remained stable and characterized by a high level of pricing. Profit-taking following the recent rally was considered normal by Thomas Altmann of QC Markets. "Additionally, a certain breathing room is healthy for indices that have risen so significantly."
The key question now is how far the DAX must fall before buying interest returns. The psychologically important mark has shifted as the rally progressed from 25,000 to 26,000 points. Altmann noted that a breach of the 26,000 level could cause initial unease among investors. Geopolitical concerns have been weighing on investors for months, with the issue remaining a decisive factor in upcoming trading days.
"The absolute wildcard for the coming trading days remains the geopolitical arena," said Frank Sohlleder of Activtrades. Tensions between Iran and Oman, located near the strategically important Hormuz Strait, have been simmering for some time, with Teheran reportedly close to reaching an agreement on a new shipping route through the blockaded strait.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
