Largest Winners in the DAX in May 2025
In May 2025, the DAX 40 showed itself to be extremely dynamic with significant ups and downs among individual stocks. The price development was based on Xetra trading data from April 30 to May 30, 2025.
- Heidelberg Materials: +0.63% – Benefited from decreasing financing costs due to declining bond yields.
- Beiersdorf AG: +0.66% – Was favored as a defensive stock in an uncertain market environment.
- Siemens Energy: +0.61% – Received positive impulses from investments in wind power and infrastructure.
- Allianz SE: +0.60% – Stable capital allocation and a robust dividend policy supported the price.
- E.ON SE: +0.58% – Attractive valuation as a defensive utility with hopes for interest rate cuts.
Largest Losers in the DAX in May 2025
On the other hand, there were also noticeable declines among some heavyweights of the index:
- Sartorius Vz: -7.09% – The strongest loser with a decline of over seven percent.
- Merck KGaA: -5.25% – Recorded a significant price decline of more than five percent.
- Münchener Rückversicherungs-Gesellschaft (Munich Re): -5.02% – Here too, the price fell by about five percent.
- BASF: -5.00% – One of the largest losers with a drop of five percent within a month.
- Allianz: Despite successful individual stock days, Allianz showed an overall slight loss of about -4.23%.
Summary
May 2025 was a tumultuous month for investors, clearly divided between defensive utility providers and industrial companies on the winning side, as well as chemical, pharmaceutical, and insurance stocks on the losing side. The positive developments at Heidelberg Materials or Siemens Energy reflect favorable conditions such as declining interest rates or government infrastructure funding. In contrast, uncertainties or industry-specific challenges significantly burdened stocks like Sartorius or Merck. This analysis provides investors with important insights into the current market situation and potential opportunities and risks within the German blue-chip index DAX for the current year.