The Dax quickly picked up speed again on Monday after an initially weak start. It climbed to its highest level for a good two and a half months and was up 0.84 percent to 13,573.53 points around noon. The MDax of medium-sized stocks recently increased by 1.07 percent to 24,065.63 points. The leading eurozone index, the EuroStoxx 50, rose by 0.6 percent.
The Dax quickly picked up speed again on Monday after an initially weak start. It climbed to its highest level for a good two and a half months and was up 0.84 percent to 13,573.53 points around noon. The MDax of medium-sized stocks recently increased by 1.07 percent to 24,065.63 points. The leading eurozone index, the EuroStoxx 50, rose by 0.6 percent.
Volkswagen and Porsche SE won on Monday as the top favorites in the Dax between two and a half and three percent. The shares of the dialysis provider Fresenius Medical Care (FMC) were behind with minus two percent.
At the special pump manufacturer Pfeiffer Vacuum, the major shareholder Pangea is aiming for a domination and profit and loss transfer agreement. Stocks soared more than 22 percent. According to a trader, speculation could now be made on a bid for the remaining shares in Pfeiffer Vacuum. Pangea belongs to the Busch family and, according to the information, currently holds more than 63 percent of the company.
The papers of the construction software manufacturer Nemetschek lost around three percent. The former CEO and current CFO Axel Kaufmann will leave at the end of the year and will then be replaced by Louise Öfverström from the drive manufacturer Rolls Royce. Dealers mentioned that with Kaufmann, an established manager is leaving, and that initially brings with it some uncertainty.
Metro shares were under pressure, down nearly 5 percent, after Jefferies downgraded them to “underperform.” A stockbroker also referred to a media report about the forthcoming sale of the Indian business to the Reliance group at a price that was probably lower than Metro had originally hoped for.
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.
