On Wednesday afternoon, stock market traders in Europe were confident.
On Wednesday, the STOXX 50 was trading 1.47 percent higher at 4,118.35 points via STOXX at 3:40 p.m. At the start of trading there was a gain of 0.149 percent to 4,064.79 points on the price board, after 4,058.75 points the day before.
At its daily low, the stock market barometer was at 4,064.53 units, while the index reached its highest level on Wednesday at 4,119.84 points.
Annual high and annual low of the STOXX 50
Since the beginning of the week, the STOXX 50 has already climbed by 1.64 percent. A month ago, STOXX trading was suspended for the weekend. On the previous trading day, December 22, 2023, the STOXX 50 reached a level of 4,078.15 points. The STOXX 50 reached 3,843.65 points three months ago, on October 24, 2023. A year ago, on January 24, 2023, the STOXX 50 had a level of 3,864.57 points.
The index has already climbed by 0.644 percent for 2024. The STOXX 50 reached its high this year at 4,124.90 points. However, the annual low was recorded at 4,010.21 points.
Top and flop stocks in the STOXX 50
Among the strongest individual stocks in the STOXX 50 are currently SAP SE (+ 6.76 percent to EUR 159.46), Siemens (+ 3.10 percent to EUR 167.06), Glencore (+ 3.00 percent to 4.17 GBP), Rio Tinto (+ 1.81 percent to 55.08 GBP) and UBS (+ 1.51 percent to 25.50 CHF). The weakest STOXX 50 stocks include Reckitt Benckiser (-0.79 percent to 55.06 GBP), Nestlé (-0.20 percent to 95.71 CHF), GSK (-0.15 percent to 15.52 GBP). ), Novartis (-0.13 percent to 93.38 CHF) and Unilever (-0.11 percent to 37.31 GBP).
The most expensive companies in the STOXX 50
The trading volume of Glencore shares is currently the highest in the STOXX 50. 8,209,445 shares were last traded on the home stock exchange. The Novo Nordisk share currently has the largest market capitalization in the STOXX 50 at EUR 434.614 billion.
Focus on fundamental metrics of the STOXX 50 stocks
According to FactSet estimates, the Mercedes-Benz Group (ex Daimler) share will have the lowest price-earnings ratio (P/E) at 5.15 in 2024 among the STOXX 50 stocks. In terms of dividend yield, HSBC shares are expected to be at the top of the index in 2024, according to FactSet estimates, with 11.00 percent.
Editorial team finanzen.net
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