BASF share performance
After BASF’s share price reached an annual high of €54.04 on February 3, 2023, it initially declined over the year. During the last two months of 2023, the stock market was supported by expectations of future interest rate cuts. BASF shares recovered in line with the overall market and closed the year at €48.78. Share performance in the course of the year was mainly attributable to the weakening of the economy, continued high inflation, higher interest rates and increasing geopolitical tensions; these led to significant uncertainty on the global markets and dampened demand in many sectors.
Assuming that dividends were reinvested, BASF’s share performance increased by 12.9% in 2023. The benchmark indexes of the German and European stock markets – the DAX 40 and the EURO STOXX 50 – rose by 20.3% and 22.2% over the same period, respectively. The global industry index MSCI World Chemicals gained 14.3%.
Change in value of an investment in BASF shares in 2023
With dividends reinvested; indexed
Long-term performance of BASF shares compared with indexes
(Average annual increase with dividends reinvested)