Losers become winners on the stock market – what that means for investors

Dusseldorf Since the start of the end-of-year spurt on the stock exchange in October, the leading German index, the Dax, has risen by 20 percent. Infineon and Siemens Energy managed twice as much, Zalando even 56 percent. Anyone who has been with these stocks for a long time is unlikely to break out in euphoria, because these three top winners of the year-end sprint were among the big losers with price declines of more than 40 percent. Zalando got it the hardest with minus 71 percent.

Other winners of the last nine weeks, such as Covestro and Deutsche Post, were also among the big losers in the downturn. Conversely, those stocks that previously performed very well in the downturn are now underperforming in the recovery. Examples are Bayer, RWE, Beiersdorf, Deutsche Boerse and Telekom.