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Sunday, November 27, 2022

Stock exchange in Frankfurt: Dax rises by 1.4 percent at noon

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Jane
Jane
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.
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After two weak trading days, the German stock market regained ground on Friday. The leading index Dax rose by 1.43 percent to 13,318.50 points at lunchtime. In the course of the week, there is an increase of around half a percent. The MDax rose by 1.78 percent on Friday to 23,662.41 points.

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After two weak trading days, the German stock market regained ground on Friday. The leading index Dax rose by 1.43 percent to 13,318.50 points at lunchtime. In the course of the week, there is an increase of around half a percent. The MDax rose by 1.78 percent on Friday to 23,662.41 points.

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Steel stocks such as Thyssenkrupp, Salzgitter and Klöckner & Co as well as the shares of the two sporting goods manufacturers Adidas and Puma were driven by hopes of a revival in construction activity and consumption in China.

In the Dax, however, the Conti share took the lead with a plus of 4.8 percent, it was pulled up by the Italian tire manufacturer Pirelli. This was able to significantly increase sales prices in the third quarter and also benefited from a more advantageous product mix with high-quality tires.

The badly hit share of Germany’s largest real estate company Vonovia rose by 3.5 percent. Although Vonovia became somewhat more cautious for the coming year, analysts attested the company’s solid ongoing business and referred to the recently very weak share price development. With a loss of around 45 percent since the beginning of the year, the paper is one of the weakest in the Dax.

Source: Stern

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