Price drop of Covestro, Shares in sector Basic materials are sold at a discount DAX

Report DAX 2023-08-31

Values that have increased the value the most today

The price rises of these shares today have been impressive Delivery Hero, Dr Ing hc F Porsche Prf, Vonovia, Sartorius AG VZO, Zalando SE.

- The Stock that has made the difference with its rise is Delivery Hero, it has an increase of 10,91% reaching a value of 34,76€ per share. Great result for this company.
- The second value that has increased its price the most today is Dr Ing hc F Porsche Prf, increasing its value by 6,56%, and now it is worth 116,90€ per share. This will mark a before and after.
- The third, but not least, corresponds to Vonovia, with a current price of 22,32€, it has had a strong rise from 6,13%. We will have to follow this action closely.

The most important shares with decreases in value today

The shares with the steepest decline today are Covestro, Vonovia, Deutsche Wohnen, Fresenius Medical Care, Airbus Group.

- The value that has had the worst results today due to the drop in its price is Covestro, becoming worth 36,72€ right now, down a -2,65%. Sometimes, selling at a loss in a good deal.
- The second most losing stock today is Vonovia, its price has dropped by -2,35% losing value and reaching 22,82€. We will analyze this value in future analyzes.
- At number 3 in the ranking of depreciations is Deutsche Wohnen, the massacre has stopped at 44,75€, lowering its value compared to yesterday by -2,31%. A black day for this stock.

These are the sectors that have triumphed today

The most favored sectors today with big rises are Technological, Capital goods, Communication services, always there at the top.
The actions of the industries vary according to many variables that affect them directly or indirectly. On this day we have three big increases that are: Technological with a great growth of 7,58%, Capital goods that follows from close with a rise of 1,17% and, finally, Communication services that reaches the podium with a percentage of 1,00%.

Thanks to actions such as Delivery Hero, which has risen by 10,91% to reach the value of 34,76€, Sartorius AG VZO with a top value of 377,60€, reaching a rise in 4,25% and Airbus Group surprising with an increase of 1,42% going up to 135,82€ per share, they have given a boost to these categories.

The sectors that have suffered the most decrease in their prices today

The top 3 worst sectors of the day are Basic materials, First need products, Financial, we know that they are temporary situations, and that they become opportunities.
In addition to the rises, it is also important to be aware of the greatest decreases in assets. In today's case we have Basic materials that has lost a -0,94%, then we find First need products going down a total of -0,32% and, finally, Financial with a -0,16% drop.

The stocks most affected by this drop in the sector have been Covestro, Deutsche Bank AG and Henkel VZO, with a decrease in -2,65%, -1,08% and -0,49% respectively.

Number of trades on the stock market today

The most active Stocks today have been Deutsche Bank AG with 4,38M of operations, Vonovia with 3,71M of buy-sell options, E.ON SE with 2,96M of buy / sell movements and Commerzbank with 2,73M in volume of assets. When a stock has a huge amount of volume (the case of these four), it means that the activity has intensified.