The DAX index made a spectacular recovery in the first quarter in sync with other top indices. It rose by more than 16% from its lowest level this year even as risks to the German economy remained. The index is trading at €14,445, where it has been in the past few days. It remains about 11.43% below its highest level this year. Here are the best performing DAX stocks year-to-date.
Bayer
Bayer (ETR: BAYN) is a leading German company that focuses on pharmaceuticals and life sciences. It is one of the biggest firms in Germany with a market value of over $61.5 billion. The Bayer share price has done well this year, becoming the best performing stock in the DAX index. It has risen by more than 34% as demand for its products has risen.
Bayer is also in the spotlight because of its new thrombosis prevention drug, which showed positive results during testing. According to Bloomberg, the drug showed about 67% reduction in ISTH major. Therefore, there is a likelihood that the company will turn the drug to become an alternative to the existing ones.
Bayer stock price has risen because it is a defensive name that is not affected mostly by the ongoing geopolitical tensions.
MTU Aero
The MTU Aero (ETR: MTX) share price has risen by over 15%, becoming the second-best performing stock in the DAX index. The company’s stock has risen because of the ongoing recovery of the civil aviation industry as the world economy reopens.
Most importantly, it has risen because of the decision by the German government to boost its defense spending due to Russia’s invasion of Ukraine. As one of the biggest players
