Rheinmetall reaches new all-time peak in value
Germany's Stock Market Rises as Defense Sector Thrives
European stock markets started the new week on a positive note, with the Euro Stoxx 50 advancing 0.7% by late afternoon, and the MDax gaining 0.9%. The Dax closed 0.2% higher at 23,749 points.
In the German market, defense companies were particularly in demand. Rheinmetall, a leading defense and mobility company, hit a new record high and was up 2.3% to 1,941 euros by late afternoon. The company's shares rose following Rheinmetall's agreement to acquire Lürssen's military division NVL, entering the naval shipbuilding sector.
Rheinmetall's rise was not the only positive movement in the defense sector. SMA Solar, a company known for its solar technology, saw a significant increase of 13.3% to 20.64 euros by late afternoon. This surge was due to insider purchases by CEO Dr. Jürgen Reinert, who bought a total of €208,940 worth of shares. Dr. Reinert increased his stock position on September 12, 2025.
Airbus, another defense giant, gained 2.4% to 197.70 euros by afternoon, following a buy recommendation by RBC and a raised price target to 220 euros.
Meanwhile, SAP dropped 3.3% in the afternoon due to insider sales of shares to settle taxes and duties as part of its employee share ownership program.
The RTL Group repurchased 3.17 million of its own shares at a price of 37.85 euros as part of a share buyback offer, causing RTL shares to rise 6.5% to 37.50 euros.
Elsewhere in the market, Hensoldt rose by 1.7%, while Renk also rose by 1.6%.
The expected meeting of the US Federal Reserve on Wednesday evening has market participants looking ahead for a potential rate cut. However, no exact date has been specified in the search results. The US Federal Reserve's announcement on an interest rate cut is expected to have a significant impact on global markets.
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