In the first half of 2025, the DAX achieved an impressive increase of about 19%, marking its best performance since the financial crisis of 2007, which is very positive news for private investors and small investors. Despite geopolitical tensions, fluctuations in energy prices, and interest rate prospects, the German benchmark index recorded remarkable gains.
Outstanding DAX Performers
Three DAX stocks stand out, distinguished by exceptional price gains:
Rheinmetall
With a spectacular increase of around 185%, Rheinmetall was the clear leader in the DAX. Strong demand for defense goods due to geopolitical crises and rising defense budgets pushed the stock price massively upwards. In particular, the expansion of ammunition and tank production secured the company new orders and investor confidence.
Siemens Energy
Siemens Energy also benefited significantly from the market environment with a price increase of about 90%, attributed to positive developments in the energy sector.
Commerzbank
Commerzbank’s stock rose by about 80%, indicating an improved economic situation in Europe as well as favorable conditions for banks.
This development signifies opportunities for private investors in European stocks, particularly in companies from the defense, energy, and finance sectors. However, experts also warn that the second half of 2025 could be more challenging than the first. Market liquidity will become tighter, U.S. trade policy remains burdensome, and it is expected that the high profits of the first half of the year cannot simply continue. Nonetheless, European stocks are still considered more promising than many expensive U.S. stocks.
Overall, an attractive environment for small investors in the DAX is evident, with strong winners like Rheinmetall and opportunities in other sectors. However, they should remain cautious in light of potential challenges in the coming months.
Summary
| Stock | Price Gain H1 2025 | Main Reason |
|---|---|---|
| Rheinmetall | +184.9 % | High defense demand |
| Siemens Energy | approx. +90 % | Positive development in the energy sector |
| Commerzbank | approx. +80 % | Improved economic situation |
The overall DAX rose by about 19% – the best first half year in over 15 years.