Frankfurt Stock Exchange
Dax after dry spell before weekly profit
The Dax curve in the trading room of the Deutsche Börse in Frankfurt. Photo: Boris Roessler/dpa
© dpa-infocom GmbH
In the Dax everything points to a positive end of the week. He has already ironed out the fall to 13,380 points on Monday, and on Friday he will now make gains.
In the Dax everything points to a positive end of the week. He has already ironed out the fall to 13,380 points on Monday, and on Friday he will now make gains.
Towards the end of the first hour of trading, the leading German index rose by 0.79 percent to 13,847.72 points thanks to good international specifications. The MDax gained 1.51 percent to 28,604.83 points and the EuroStoxx 50 was 0.9 percent stronger.
According to market expert Thomas Altmann from QC Partners, there will be “stabilization in all asset classes” on Friday, including cryptocurrencies. A loss of several weeks in the Dax could now end, the leading index is currently up a little more than one percent compared to last Friday. He made his last weekly win on April 1st, followed by five weak weeks.
As far as the current reporting season is concerned, things calmed down a bit at the end of the week after a two-day high. After the American subsidiary T-Mobile US, Telekom has now also increased its annual targets. According to traders, the new goals are no longer really surprising against this background, the same applies to strong quarterly figures. Most recently, the price plus the t-share was below average 0.4 percent.
In the small caps area, there were fresh results to process from Carl Zeiss Meditec, Ceconomy, Vitesco, Deutsche Euroshop and Freenet. With the exception of Ceconomy, price reactions were positive. There were clear price gains of 2.3 and 2.9 percent for the two MDAX stocks Carl Zeiss Meditec and Freenet. Ceconomy, on the other hand, was down 1.7 percent.
Otherwise, there were major recovery movements in stocks that had recently been particularly heavily penalized. Those of the real estate company Instone recovered by 15 percent after a slump the day before because annual targets were withdrawn.
The shares of biofuel manufacturer Verbio continued their recovery with a price jump of more than ten percent, although Federal Environment Minister Steffi Lemke intends to make a proposal for a change in the law in the near future to limit the use of biofuel from cultivated plants.
With SMA, another SDax value rose by nine percent. Bankhaus Metzler has given the solar technology company a buy recommendation. According to analyst Guido Hoymann, the chances of a significant recovery next year are good. Hapag-Lloyd, on the other hand, was weighed down by an HSBC downgrade following a strong rally. Here the papers recently lost 4.6 percent.