But while at the halay point of the stock market year the Dax is already back up to almost 13.000 and the MDax is already back up to almost 28.000 points, and the SDax has even reached the 12.000 mark, the stock market balance of the remaining stock corporations in and around Ostwestfalen-Lippe looks bleaker for the most part.
Here's how it looks in OWL
The bearishness of the AGs in OWL has to do with the industries in which they are largely based. The car industry is not only affected by the corona virus, but also by the general discussions about mobility and climate protection. This has an impact on suppliers. The Delbrück-based Paragon GmbH& Co. Kgaa shows the biggest drop, down 35.7 percent since the beginning of the year. Voltabox (Delbrück), in which Paragon still holds a 60 percent stake but which it intends to sell, is only marginally better off.
The securities of the Blomberg-based wood-based materials manufacturer Delignit, which also supplies mainly the automotive industry, lost 19.7 percent. In contrast, Hella (Lippstadt) has recovered somewhat from its low, but is still down 23.8 percent compared to the beginning of the year.
A second sector in crisis is the fashion industry. Following insolvency proceedings and renewed creditor protection, shares in Gerry Weber International AG (Halle) are not yet being traded again. Ahlers AG (Herford), another fashion manufacturer from OWL, is down almost 42.5 percent compared to the beginning of the year. If you compare the share price a year ago (2.90), it has actually more than halved at present (1.42).
DMG Mori is doing very well
By comparison, the world's leading machine tool manufacturer DMG Mori (Bielefeld) is doing very well, with its share price falling by only around 5 percent.
On the other hand, things look worse for the smaller stock companies in the sector. Lewag Holding in Beverungen in the district of Höxter, whose largest subsidiary manufactures machinery for the glass industry, is down almost 20 percent compared to January, the Beelen plant and machinery manufacturer Aumann with 18.4, percent and the Sassendorf component manufacturer Technotrans with 17 percent in the minus. Friwo AG in Ostbevern, a specialist for network and charging technology, was able to reduce an interim slump of 60 percent to a minus of 20 percent.
A look beyond the narrow confines of OWL also shows little to be pleased about. U.S. Payment systems manufacturer Diebold Nixdorf, which continues to operate a large plant in Paderborn, lost 44.6 percent on the stock market. The fact that the shares of TV group RTL Group lost 35.1 percent in value cannot leave majority owner Bertelsmann cold. The Gütersloh-based company recently agreed to cancel the originally planned dividend for 2019 and keep the money in the company. Only fragrance and flavorings manufacturer Symrise, which is based in Holzminden on the Lower Saxony side of the Weser, has long since made up for its loss in mid-March and is now up 15.8 percent on the start of the year.