The Dax slightly expanded its buffer to the 13,000 point mark on Monday. After more than ten percent losses since the interim high of 14,709 points two weeks ago, the leading index continued its stabilization on Friday. In the afternoon it gained 0.48 percent to 13,188.76 points.
The Dax slightly expanded its buffer to the 13,000 point mark on Monday. After more than ten percent losses since the interim high of 14,709 points two weeks ago, the leading index continued its stabilization on Friday. In the afternoon it gained 0.48 percent to 13,188.76 points.
At the same time, the MDax gained 0.85 percent to 27,292.60 points, while the leading euro zone index, the EuroStoxx 50, rose by 0.4 percent. Fresh impulses from the New York trade are not expected until Tuesday due to a public holiday there.
There were larger price gains in the Dax for the recently particularly volatile shares of online specialists. The titles of the meal kit mailer Hellofresh set the trend with an increase of 3.2 percent. The food delivery service Delivery Hero, whose shares rose by 2.9 percent, is no longer part of the Dax.
After a short Dax abstinence, the papers of the consumer goods and adhesives manufacturer Beiersdorf have moved back into the first stock exchange league, whose papers are up 3.9 percent in the Dax. From an industry perspective, this was supplemented by competitor Henkel with price gains of a similar magnitude.
Further index changes were implemented on Monday. The solar and wind park operator Encavis has again climbed into the MDax – and this gave the share a plus of four percent on Monday. However, Nordex stocks did not follow suit with a price loss of 0.9 percent. As a result of the violation of basic criteria, they were removed from several indices in the Dax family due to delayed quarterly figures.
New analyst assessments were once again made a topic by investors. A canceled buy recommendation by Oddo BHF pushed the shares of Siemens Healthineers down one percent in the Dax. They almost landed at their recent lows since early 2021.
In the MDax, on the other hand, Varta shares made a positive impression after a fresh buy recommendation. An upgrade to “buy” by Goldman Sachs caused the battery manufacturer’s shares to rise by 4.5 percent. For the first time since April, they cost 90 euros again.
The euro cost 1.0517 US dollars in the afternoon. The European Central Bank (ECB) had set the reference rate at $1.0486 before the weekend.
On the bond market, the current yield fell from 1.57 percent on Friday to 1.55 percent. The Rex pension index rose by 0.15 percent to 131.63 points. The Bund future was down 0.17 percent at 144.11 points.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
