Frankfurt Bad economic news, especially in Europe, and concerns about further increases in interest rates interrupted the recovery phase on the stock markets. Despite a small plus on Friday, the leading German index Dax posted a significant weekly minus of 3.4 percent to 15,603 points. The small-caps barometer MDax and the small-caps index SDax also fell by around two and around one percent over the course of the week. However, company numbers and new analyst assessments brought individual stocks up and down in double digits.
The Redcare Pharmacy share recorded the largest price jump in the Dax family of more than 14 percent. The online drug dealer from the MDax significantly increased its sales in the second quarter thanks to an acquisition in Switzerland. According to preliminary figures, the revenue increased by 47 percent to 421 million euros within a year, as announced by the company, which is headquartered in Sevenum in the Netherlands.
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