The Dax ended the year 2024 with a significant plus. Trading closed on Monday afternoon at exactly 19,909.14 points, which is 18.8 percent higher than at the end of 2023. Thus, the German leading index continued the strong growth of the previous year, when it had already gained over 20 percent.
The Dax had moved upward relatively steadily throughout the year, with a slight dip in April, followed by a rebound in early May. A significant drop to around 17,000 points in early August was then followed by a renewed upward trend. Factors contributing to the improved investor sentiment included the central banks’ interest rate cuts. On September 19, the 19,000-point mark was breached for the first time, and on December 3, the 20,000-point mark was reached.
The all-time highs were marked in mid-December, with a closing price of 20,426.27 points on December 12 and an intraday high of 20,522.82 points the following day. However, the 20,000-point mark could not be held.
Siemens Energy was the largest gainer in the Dax, with a year-on-year gain of around 320 percent. Rheinmetall and SAP followed, while the largest losers were Bayer, Sartorius, and RWE, with a year-on-year loss of around 42 percent.
On a daily basis, the Dax fell by 0.4 percent on Monday, with Sartorius, Siemens Healthineers, and SAP being the biggest losers, whereas Deutsche Bank, Commerzbank, and Porsche Holding recorded the largest gains, going against the trend.