The German Equity Market has recovered strongly since the lows of March tracking major global indices. Germany is the economic powerhouse of Europe and when looking for opportunities in the continent it is wise to focus on the German market. The country is home to some of the world leaders in certain sectors such as engineering, automative and chemical sectors.
The benchmark DAX index is just down 3% year-to-date.
With that brief intro, let’s take a look at the most liquid and highly traded German companies.
The most traded stocks on the Frankfurt Stock Exchange are shown in the table below:
Click to enlarge
Source: Deutsche Boerse
A few observations:
- Insurance giant Allianz (AZSEY) is the most traded stock on the Frankfurt Exchange
- Wirecard AG is a startup company that was involved in a major fraud a few months ago. So its best avoided.
- Among the chemical giants, BASF AG ( BASFY) and Linde AG are in the above list.
- Shoe and sports apparel maker adidas (ADDYY) is a good alternative to its American peer Nike(NKE).
- Two of the largest utilities RWE AG(RWEOY) and EON AG(EONGY) are also worth a look although at better price levels than now.
The ADR tickers of the above companies on the US market can be found here.
Download:
Disclosure: Long EONGY, RWEOY and CTTAY
