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Deutsche Telekom share: Company weakness weighs on share price
Current analysis: Deutsche Telekom shares under pressure, Deutsche Bank records decline in the DAX - stock market update for investors. Read more about the developments.
Deutsche Telekom share: Company weakness weighs on share price
The Deutsche Telekom share saw its value fall to 21.57 euros, in contrast to the previous closing price of 21.79 euros on the last trading day. In the DAX ranking, Deutsche Bank is in 29th place with a loss of 1.01%. Overall, the DAX moved down by 0.47%. The trading volume of Deutsche Telekom shares amounted to 2,770,753 shares traded an hour and a half before the end of trading, compared to 5,400,349 securities traded on the previous trading day.
The share price of the Bonn-based telecommunications company is 4.57 percent below its 52-week high of 22.60 euros, while the 52-week low was 17.87 euros. With a market value of 108.48 billion euros, Deutsche Telekom has a weighting of 6.12% in the DAX. With 199,652 employees, Deutsche Bank remains in fourth place in the German stock market index. Only SAP, Siemens and Airbus have a higher value.
It remains to be seen whether Deutsche Bank's losses will continue after bucking an upward trend in recent days. The development of German companies on the stock market remains an important indicator of the country's economic stability.