Frankfurt Stock Exchange
Dax continues to recover in quiet pre-Christmas trading
The Dax is the most important share index in Germany. Photo: Fredrik von Erichsen / dpa
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The Dax expanded its recovery gains on Thursday. By lunchtime, the German stock market barometer rose 0.46 percent to 15,665.17 points for thin sales.
The Dax expanded its recovery gains on Thursday. By lunchtime, the German stock market barometer rose 0.46 percent to 15,665.17 points for thin sales.
The MDax rose by 0.43 percent to 34,772.68 meters around noon. Since its slide close to the 15,000 point mark on Monday, the Dax has almost gained four percent again. In 2021, the Dax has risen by around 14 percent so far.
Before US economic data should give the markets new impetus in the afternoon, a few individual values were in view: In the Dax, the shares of the automotive supplier Continental were favorites with plus 2.4 percent in view of optimistic statements for the final quarter. Group boss Nikolai Setzer announced in the “Wirtschaftswoche” that the upper end of the profit margin forecast would be reached. In the SDax, the shares of the Conti subsidiary Vitesco also benefited from this news with a plus of 2.1 percent.
The Lufthansa shares took the lead in the MDax with plus 3.2 percent, Fraport gained 0.6 percent and MTU moved up in the Dax by 2.1 percent. Stocks of companies in the travel sector or related to it rebounded on new hopes. Investors are now betting that Omikron infections will be comparatively mild.
United-Internet were among the worst performers in the MDax with minus 0.4 percent to 34.83 euros. As expected, CEO Ralph Dommermuth increased his stake in the Internet provider to over 50 percent, but he waived a previously considered voluntary purchase offer for 17 million United Internet shares at a price of 35 euros each.
The index of medium-sized stocks for TAG Immobilien went up 0.2 percent. The real estate company is buying Robyg, the largest housing developer in Poland, for the equivalent of around 550 million euros.
Home24, which have not been represented in the SDax since Monday, won 3.8 percent. The online retailer is taking over the decoration retail chain Butlers, which is welcomed by market experts.