FRANKFURT (dpa-AFX) – A report in the “Handelsblatt” on Wednesday about the extension of free emissions certificates by the EU has different effects depending on the industry. The Heidelberg Materials share suffered a loss of five percent in the morning, while many stocks from the chemical sector benefited from this. BASF rose to the top in the DAX with a gain of 3.6 percent and in the MDAX LANXESS, WACKER CHEMIE and Evonik achieved price gains of up to 6.4 percent.
The media report, citing a high-ranking EU official, states that the EU Commission wants to weaken its most important climate protection instrument, the European Emissions Trading System (ETS). The plan is to issue free certificates over a longer period of time than previously planned in order to relieve the burden on energy-intensive companies such as those in the chemical industry.
Heidelberg Materials, on the other hand, suffered from the news – according to traders, because investors had recently bet that the cement company would be a pioneer in making production emission-free. The Heidelbergers actually wanted to pay dearly for this, argued the stockbroker. The shares had reached a record high above the 240 euro mark just a few days ago, while the chemical industry has been doing poorly for a long time. It was only in December that their industry index reached a low since 2022./tih/la/stk
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