Vonovia's current success is a topic of discussion, but there's uncertainty about its DAX stock performance.
Vonovia's Shares Soar, DAX Remains Steady
In the current year, the shares of Vonovia have experienced a significant gain of around nine percent, reaching a new high of 31.40 euros. This growth has propelled Vonovia to the top of the DAX, Germany's leading stock market index, where it currently holds an increase of around 2.7 percent.
The strong performance of Vonovia is not going unnoticed. Other notable companies in the DAX, such as Qiagen, are also attracting attention. However, Qiagen's share price has seen a slight decrease, currently standing at the bottom of the DAX with a decrease of 1.8 percent.
The recent rise in Vonovia's share price comes amidst mixed signals regarding the Ifo business climate and the German economy's mood. Ifo President Clemens Fuest has stated that the German economy is increasingly in crisis, while Ulrich Kater, chief economist of DekaBank, expects hopes for a recovery to shift towards the coming year, with consumers' rising incomes being the main hope for a recovery.
Despite the uncertain economic outlook, the DAX has shown resilience. After a price crash in early August, the index has recovered by almost ten percent. This recovery has been supported by the strong fundamentals of newcomers to the DAX, GEA Group and Scout24, which entered the index on September 22. GEA's solid revenue and order intake, and Scout24's high profitability and cash flow, have justified their inclusion in the DAX.
On the other hand, some of the established members of the DAX have struggled. Deutsche Bank and Commerzbank have been among the worst performers recently, each losing around 2.9% and 2.8% respectively on September 16, due to market pressures impacting banking stocks.
A recent report by the "Handelsblatt" suggests that Vonovia is close to selling its care division. The exact reasons for the price decline of Qiagen's share are unclear, but it could be due to profit-taking, as the share has gained three percent since the end of July.
As of mid-September 2025, the DAX is currently at 18,635 points and is almost unchanged compared to its level on Friday. The European stock market index Euro Stoxx 50 is also almost unchanged at 4,909 points. The DAX has returned to its correction trend from the record high in mid-May and the intermediate high in mid-July.
This news provides some good news and is supporting the ongoing breakout attempt above the chart resistance of 30 euros for Vonovia's share. The situation remains fluid, and the outlook for both Vonovia and the DAX will continue to be closely watched.
