FRANKFURT (dpa-AFX) - Nemetschek 's performance in the second quarter disappointed investors on Monday. Shares in the construction software manufacturer fell by 2.90 percent to 63.58 euros in the morning, putting them at the bottom of the MDax. In the meantime, the shares had fallen by almost five percent. The mid-cap index hardly moved at all.

Traders and analysts alike criticized the Group's profitability in a difficult market environment. Expert Knut Woller of Baader Bank added that the company's growth had been in line with expectations. For expert Andreas Wolf of Warburg Research, the second quarter of the year had been marked, as expected, by the ongoing shift to the subscription model of the construction software specialist.

With the price slide, the papers have remained in their sideways corridor for a good two weeks with prices between a good 63 euros and slightly below 67 euros, but have tested the 21-day average line relevant for the short-term trend./la/jha/