Frankfurt Stock Outlook: Weaker – Deal in Wafer Industry Drives Prices | 11/30/20


FRANKFURT (dpa-AFX) – At the hurdle of 13,300 points, the Dax (DAX 30) will probably also bite its teeth at the beginning of the new week. Just under an hour before Xetra trading begins, the X-Dax, as an indicator for the Dax (DAX 30), signals a drop of around half a percent to 13,265 points.

With a plus of more than 15 percent, November has been a very strong month for the Dax so far. The courses benefited above all from the hope of an early vaccine against the lung disease Covid-19 and a correspondingly rapid normalization after the crisis.

“The markets have already done very well,” said Christian Schmidt from Landesbank Helaba. So the question arises as to how much upside potential there is. The pandemic and the associated restrictions continue to bring risks.

Among the individual titles, Siltronic shot up on Tradegate by around ten percent to 126.50 euros. The Taiwanese competitor GlobalWafers wants to take over the manufacturer of wafers for the chip industry for 125 euros per Siltronic share or a total of 3.75 billion euros. The talks were about to be concluded, Siltronic announced. WACKER CHEMIE, which holds just under a third of Siltronic shares, rose by a good four percent before the IPO. GlobalWafers’ price in Taiwan had risen by almost ten percent to its highest level in more than two years and had pulled other names in the industry up with it.

Kion shares (KION GROUP), on the other hand, lost 4.4 percent on Tradegate to 67 euros. The forklift manufacturer has set the subscription price for the new shares from a capital increase at 62 euros per share. That is a discount of more than eleven percent to the Kion closing price on Friday evening./bek/stk


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