Dax in downward mode – there is a risk of falling back below the 12,000 point mark

Dusseldorf The German stock market recovered from the recent turbulence on Monday. The leading index Dax is up one percent in the afternoon at 12,394 points. Some investors are back after Friday’s significant losses. For example, expert Andreas Lipkow sees the German stock market “in the heavily oversold area”.

The biggest winners include the chemical companies BASF and Covestro, whose shares have risen by more than seven percent. Both companies would benefit from the gas price brake proposed by the Gas Expert Commission.

However, the situation with the Frankfurt Stock Exchange Barometer is still fragile. The previous week, the Dax had closed 1.3 percent tighter at 12,273 points. The weekly plus was primarily based on the brilliant price jump on Tuesday, when the index had gained more than 400 percent. However, most of the profits were processed.