Weak performance in Europe: STOXX 50 starts trading with losses

The STOXX 50 is falling today after its previous day’s rise.

On Monday, the STOXX 50 fell by 0.04 percent to 3,887.11 points at 9:10 a.m. via STOXX. At the start of trading, gains of 0.013 percent to 3,889.24 points were on the price board, after 3,888.74 points the day before.

The STOXX 50 recorded a daily high of 3,895.35 points. The daily low today is 3,887.11 units.

This is how the STOXX 50 has been moving since the beginning of the year

A month ago, STOXX trading was suspended for the weekend. On the previous trading day, September 8th, 2023, the STOXX 50 reached a level of 3,959.24 points. Three months ago, STOXX trading was suspended for weekend reasons. The STOXX 50 stood at 3,855.63 points on the previous trading day, July 7, 2023. A year ago, STOXX trading was suspended for weekend reasons. The STOXX 50 moved at 3,378.48 points on the previous trading day, October 7th, 2022.

Since the beginning of 2023, the index has already increased by 5.47 percent. This year, the annual high of the STOXX 50 is already 4,089.95 points. The annual low, however, is 3,658.90 points.

Winners and losers in the STOXX 50

The top stocks in the STOXX 50 currently include BP (+ 2.37 percent to 5.18 GBP), GSK (+ 0.73 percent to 15.10 GBP), Deutsche Telekom (+ 0.62 percent to 20.22 EUR), Glencore (+ 0.60 percent to 4.48 GBP) and Nestlé (+ 0.54 percent to 100.84 CHF). Meanwhile, on the losing side in the STOXX 50 are BASF (-2.44 percent to EUR 40.80), Rio Tinto (-2.32 percent to GBP 48.92), Richemont (-1.42 percent to CHF 111.30) , DHL Group (ex Deutsche Post) (-1.11 percent to 38.63 EUR) and ABB (Asea Brown Boveri) (-1.06 percent to 32.82 CHF).

STOXX 50 stocks with the top market capitalization

The BP share currently has the largest trading volume in the STOXX 50. 1,252,518 shares were recently traded on the home stock exchange. The Novo Nordisk share currently has a market capitalization of 386.984 billion euros. This means that the share has the highest market value in the STOXX 50.

Focus on fundamental key figures of the STOXX 50 stocks

In 2023, according to FactSet estimates, the Mercedes-Benz Group (ex Daimler) share presents the lowest price-earnings ratio (P/E) in the STOXX 50 at 4.92. Glencore shares offer a dividend yield of 10 in 2023, according to FactSet estimates .12 percent is expected to be the best results compared to the other stocks in the index.

Editorial team finanzen.net

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