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BASF share: Price falls - DAX inclusion burdened
The BASF share is declining and is well behind the DAX - all current developments and background information here!
BASF share: Price falls - DAX inclusion burdened
The BASF share is showing a downward trend and is currently in the lower third of the DAX with a loss of 4.63 percent. The value of the Palatinate chemical group was quoted at 48.63 euros an hour and a half before the close of trading in Frankfurt, while the closing price of the previous trading day was 50.99 euros. The stock has a trading volume of 3,504,436 shares traded. Compared to the 52-week high of EUR 54.93, the share is 11.47 percent lower. The 52-week low was 40.25 euros.
BASF has a number of employees of 109,686 as of 2022 and ranks 12th in the German stock market index. With a market value of 45.49 billion euros, the company has a weighting of 2.57 percent when calculating the DAX. The most important companies in the DAX in terms of market value are SAP, Siemens and Airbus. In the past financial year up to December 2022, BASF achieved sales of 87.00 billion euros and a profit of 6.54 billion euros.
The negative development of BASF shares compared to the DAX makes it clear that the company is lagging behind on the stock market despite its size. It remains to be seen whether the negative developments will continue and how BASF will position itself compared to other companies in the index in the future. The specific reasons for the decline in stock price can be found in the current market situation and internal company factors.