Stock exchange in Frankfurt
Dax rises – quiet business close to record high
The Dax is the most important stock index in Germany. photo
© picture alliance / dpa
The Dax rose slightly on Wednesday. Support came not least from Wall Street, as the US stock markets had closed in positive territory the day before. At lunchtime, the leading German index gained 0.23 percent to 16,744.96 points and thus remained just below its record high, which it reached in mid-December at just over 17,000 points. At the same time, the MDax of medium-sized companies rose by 0.78 percent to 27,154.05 points.
The Dax rose slightly on Wednesday. Support came not least from Wall Street, as the US stock markets had closed in positive territory the day before. At lunchtime, the leading German index gained 0.23 percent to 16,744.96 points and thus remained close to its peak It reached a record high of just over 17,000 points in mid-December. At the same time, the MDax of medium-sized companies rose by 0.78 percent to 27,154.05 points.
Portfolio manager Thomas Altmann believes it is quite possible that the German stock market barometer could top its previous record given the low trading volumes. Most large investors have already closed their books for 2023, so even smaller purchases can have a larger impact on individual stocks, but also on the DAX itself.
After a 2022 on the stock market, the year that is coming to an end is once again a success for investors. The increase in the DAX currently amounts to around 20 percent.