Aurubis, Bilfinger Surge to Record Highs as Dax Nears All-Time High
Aurubis shares surged to a record high today, climbing 9.2 percent and surpassing 120 euros. Bilfinger also performed well, gaining 5.0 percent and nearing the 100-euro mark. Meanwhile, the SMI in Zurich weakened, while the FTSE 100 in London remained largely unchanged. The Dax record high of 24,639 points remains within reach despite French market turmoil.
Aurubis and Bilfinger's strong performance could be attributed to the German government's infrastructure plans, which may benefit both companies. Investors appear calm, with experts believing contagion effects on other markets are unlikely. The MDax ended Tuesday with a slight loss of 0.14 percent at 30,836.16 points.
The Dax saw significant movements in shares of Bayer, BMW, and Mercedes. Aurubis, led by Dr. Roland Harings, could benefit from its recent restructuring efforts. The company's board, including Heiko Beck and Heinz Eigner, has been driving these changes. Aurubis' transformation office, introduced in 2021, has been steering the company's digital and organizational development.
Aurubis and Bilfinger's strong performance today reflects potential opportunities in the German infrastructure sector. Despite market turmoil in France, the Dax record high remains achievable. Aurubis' recent restructuring efforts, led by its board, position the company for future growth.
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