Armor values such as Renk, Hensoldt and Rheinmetall continue to grow vigorously on Thursday after the NATO summit.
• Armor shares on the upswing: Rheinmetall, Hensoldt and Renk add NATO summit
• NATO countries want to invest at least five percent of GDP from 2035
• Investors rely on defense boom
NATO resolution drives armor shares
The shares of European armaments companies are still on the rise. After the recent NATO summit, on which the 32 member countries agreed to provide at least five percent of the gross domestic product (GDP) for defense and security from 2035 at the latest from 2035, some titles increased again on Thursday.
In the Dax, for example, Rheinmetall shares in Xetra trading temporarily by 5.15 percent to EUR 1,827.50, Renk titles win 2.61 percent to EUR 67.69, while Hensoldt papers are 4.13 percent more expensive to EUR 98.40. The latter are among the clear winners in the MDAX. The announcement in the long term increasing defense sets ensures tailwind in an already strong sector.
Market observers evaluate the summit decision as a signal for structural upgrading in Europe. In view of persistent geopolitical tensions in particular, analysts expect further growing budgets for defense technology and modernized weapon systems.
The armaments industry has always taken a break since 2022 in summer, wrote the investment bank JPmorgan. If this is the case again this summer and the courses fall back, the bank advises investors investing in the long term to use these reset to get started. Because the prospects are cheap over the years.
Rheinmetall recently fell back by a good 13 percent of the record high at 1,944 euros, Hensoldt by almost 18 percent and Renk by almost 26 percent. All three papers had reached their previous highs in early June.
The focus is also on the stocks of the aircraft construction and armaments group Airbus and that of the Italian armaments group Leonardo.
Redaktion finanzen.net with material from dpa-afx
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