Scout24 faced mounting pressure under the Dax-ascender ordeal.
In the world of global finance, the week ended on a mixed note for several major indices.
The Nikkei, Japan's benchmark index, reached a record high of 45,853 points. However, subsequent monetary policy decisions by the Bank of Japan pushed the Nikkei into negative territory, ending the week with a slight decline.
In Europe, the German benchmark index, Dax, lost 0.2% to 23,639 points on the last trading day of the week. The Dax ended the week with a nearly balanced scorecard due to Thursday's rally. Notably, Scout24's shares will move from the MDax to the Dax on Monday.
The MDax suffered larger losses, with several components experiencing significant declines. For instance, Scout24 shares fell over 5% after announcing the acquisition of two Spanish real estate platforms for €153 million. The acquisition will be financed through cash and existing credit lines.
Stabilus shares fell over 2% due to a cost-cutting program and job cuts, resulting in the company's annual profit being only about half of what was previously expected. Stroer shares came under pressure and fell over 4% due to geopolitical uncertainties and a cut in annual targets. However, Stroer shares initially fell to a three-year low of €37.50 but recovered later in the day.
The Swiss Marketplace Group celebrated its stock market debut, with shares briefly surging nearly 9% above the issue price of 46 francs. The IPO for the Swiss Marketplace Group was oversubscribed multiple times, with the company that successfully debuted on the Swiss stock exchange in 2022 and became the shareholder of the advertising forum operator Norma Group being Deutsche Beteiligungs AG. Norma Group shares rose over 5% due to positive market reception to discussions about selling the water management business.
Conti plans to divest its plastics technology unit, Contitech. Meanwhile, several analysts had previously expressed positive views, with buy recommendations from Deutsche Bank and UBS, regarding Aumovio shares. Aumovio shares gained traction in the Dax, rising over 3% on the second day after the spin-off.
Producer prices in Germany fell more than expected in August, indicating a potential slowdown in the economy.
In other news, J.P. Morgan analyst Marcus Diebel estimates that the average market expectation for the 2025 operating result will decrease by 5% as a result of recent developments.
The week in financial markets was a rollercoaster ride, with various indices experiencing both gains and losses. As always, investors will be watching closely to see how these trends continue in the coming weeks.
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