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Frankfurt (dpa -Afx broker) – The shares of Rheinmetall largely recovered on Tuesday from their previous day’s weakness. In the morning they won at the top in the only slightly changed DAX 2.2 percent to 1,859 euros.
A report by the “Spiegel” about vague taxation plans of the EU for armaments companies had temporarily slowed down the Rheinmetall’s record rally the day before, after the papers before that had approached the 2,000 euro mark with 1,944 euros.
The UBS sees the Spiegel article calmly. According to the report, the EU is considering measures to prevent the armaments corporations too high in the course of the massive increase in armor expenditure. Such taxes would be counterproductive with regard to a significant expansion of European armaments production, wrote analyst Sven Weier. Such tax plans would currently hardly meet broad political support.
The Rheinmetall papers went out 3.5 percent deeper on Monday. However, they have won more than 200 percent since the beginning of the year.
After the strong price increase of the past few months, the armaments company is now moving up in the Eurozone-Leiten-Leindex EuroStoxx 50 50 and replaces the luxury goods manufacturer Kering there. Since the start of the Russian war of aggression on Ukraine in February 2022, the company’s stock market value has now been reduced to almost 85 billion euros.
The index changes will come into force on Friday, June 20th, after closing the stock exchange
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