08. May 2020 | 14:50 CET
Allianz, Commerzbank, TUI, Wirecard - and news for investors
A week on the stock market with positive price development is slowly coming to an end. The DAX was at a low of 10,426 points at the beginning of the week and currently stands at 10,837 points. The gain of more than 400 points is mainly due to the relaxation of measures to limit the spread of the Corona Pandemic. In the meantime, more and more citizens have doubts that the Federal Government has reacted appropriately in dealing with Covid-19. In retrospect, of course, people are always smarter. The fact that the opinions of medical specialists and virologists on this type of corona virus diverged widely and that politicians took the side of drastic measures may have contributed to the fact that Germany has got off so lightly so far.
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ISIN: DE0008404005 , DE000CBK1001 , DE000TUAG000 , DE0007472060
Financial institutions in focus
The Allianz shares opened the week at around EUR 164.00 and last traded at EUR 157.84. The reason for this price decline is trading ex-dividend. The company paid a dividend of EUR 9.60 to shareholders as of May 7, 2020. All in all, it was a positive week for long-term Allianz shareholders. The Commerzbank shares are currently quoted at around EUR 3.22, as at the beginning of the week. Despite the news that Comdirect can now be taken over completely, the trading performance was relatively unspectacular.
On the footsteps of Symrise
The shares of EXMceuticals, the young supplier of pure ingredients for the health sector, were able to increase in trading yesterday on the Canadian home market in phases by over 100% from CAD 0.17 to CAD 0.35. The company, which is operationally based in Lisbon, Portugal, announced yesterday that it had signed a letter of intent, thus arousing the interest of investors. It is possible that a new Symrise will be created with EXMceuticals. The potential for pure ingredients and active ingredients is great and, above all, scalable.
Opportunity before the gold boom
Exciting for gold investors this week was the news from Osino Resources. The company is starting the 20,000 metre Twin Hills drill program and will be exploring further details of recent discoveries. CEO Heye Daun is experienced and has previously developed a company for acquisition by B2Gold in Namibia. Osino Resources' management is pursuing the same goal for its shareholders with the current work in Namibia. The share price was last quoted at CAD 0.87 and the market value of the company is around CAD 85 million. During times of aid packages for the economy, the devaluation of money will accompany this. A gold boom is only a question of time.
Analysts make prices
Yesterday's trading day saw TUI shares come under pressure in connection with a reduction in Morgan Stanley's price target from EUR 13 to EUR 1.30. At the beginning of the week, the tour operator's share was still trading at over EUR 3.50, but recently the shares changed hands at EUR 3.14. Uncertainty among analysts caused further price fluctuations even with downgrades at Wirecard. The DZ Bank has even temporarily suspended coverage of the DAX company. Despite an eventful week, the share price is back at around EUR 87.00, as at the beginning of the week.