Market Development and Index Performance
The DAX performance in calendar week 21 (KW 21) of the year 2025 was of particular interest to private investors, as it provided important insights into the development of the key German stocks and the leading index itself. The DAX was able to continue its medium-term upward trend in KW 21 and reach a new all-time high in 2025. The bulls continued to dominate market activity, although trading volume was below the average of recent years. This suggests that the current rally was driven less by broad participation and more by targeted purchases. On Friday, May 23, 2025, the DAX Performance Index closed at about 23,629 points – a decrease of -1.54% compared to the previous day.
Winners and Losers Stocks in the DAX
In KW 21, there were significant differences among the individual stocks in the DAX:
Losers:
- Volkswagen (VW) preferred shares: -9.09%
- Porsche: -8.57%
- Sartorius preferred shares: -6.02%
- Brenntag SE: -5.84%
- Siemens Healthineers: -5.75%
These values were among the biggest losers of the week in the DAX. Particularly striking is the weakness in Volkswagen and Porsche – possibly influenced by industry-specific news or macroeconomic developments.
Winners: A specific ranking of the top winners was not detailed in the available sources; however, it is clearly emphasized that besides the mentioned losers, there were also stocks that performed positively.
Market Sentiment and Outlook
The sentiment in the German stock market remained overall bullish. Analysts see further upside potential for the DAX – particularly as a “catchment area” for investors from other markets (e.g., USA), who are unsettled by political uncertainties. At the same time, there is a risk of an impulsive sell-off by bear traders as volume increases.
The development of the DAX is currently not synchronized with US indices; this could indicate upcoming market-relevant decisions or suggest that investors need to be particularly vigilant.
Conclusion for Private Investors
Private investors should pay attention to both the overall development of the index and individual stocks:
- Recognize Trends: The current bull market offers opportunities for price increases.
- Note Risks: Low volume can favor increased volatility.
- Analyze Individual Stocks: Particularly weak sectors or companies can be indicators of future weaknesses.
Regular monitoring of such weekly analyses helps to make informed investment decisions and better assess risks.