Overall Development of the DAX in May 2025
The DAX reached a new record high of approximately 23,528 points in May 2025, surpassing the previous high from March at 23,476 points. This increase reflects a gain of nearly 4,000 points since February, indicating a strong rally. The recovery followed massive losses due to extensive U.S. tariffs since early April, which have now been more than compensated. The stock market reacted positively to prospects of a gradual easing in the trade war as well as expected infrastructure and defense spending, which are seen as push factors for the index.
Biggest Winners and Losers in the DAX May 2025
According to a ranking based on Xetra price values, the following leaders were noted:
Biggest Losers:
- Sartorius Vz recorded the steepest decline at -7.09%.
- Merck also lost significantly with -5.25%.
- Münchener Rückversicherungs-Gesellschaft fell by -5.02%.
The ranking includes all values in the DAX40; precise data on the biggest winners are not explicitly mentioned, but the strong overall increase in the index suggests that several stocks posted significant gains.
Economic Context
Despite the positive price development, the profits of DAX companies shrank by eight percent at the start of the year, along with a revenue increase of about three percent. This reflects a challenging economic situation with geopolitical uncertainties and trade tensions. Many companies, however, show resilience in the face of these challenges. The uncertainty caused by trade disputes particularly negatively impacts medium to long-term investment planning.
In summary, May 2025 brought significant developments for investors: the German leading index reached new peaks despite global uncertainties; individual stocks such as Sartorius Vz or Merck were among the largest losers, while other securities significantly contributed to the rally. This volatility highlights the complex interplay of geopolitical risks and positive economic impulses in the German stock market during this period.