With Christmas approaching, Dax investors took further profits on Thursday. The leading German index closed with minus 0.27 percent at 16,687.42 points. The MDax of medium-sized companies fell by 0.49 percent to 27,219.71 points.
With Christmas approaching, Dax investors took further profits on Thursday. The leading German index closed with minus 0.27 percent at 16,687.42 points. The MDax of medium-sized companies fell by 0.49 percent to 27,219.71 points.
Unlike on Wall Street, investors in this country have been cashing in more frequently since the DAX set a record high of 17,003 points in mid-December. However, there has been no major correction so far. Investors can still look forward to an increase of around a fifth in the leading German index this year.
In the Dax, the chemical company BASF came into focus in the afternoon with the news of the planned separation from its oil and gas business Wintershall Dea. The British oil company Harbor Energy wants to take over the business. The initial excitement about the news quickly faded. BASF shares left trading almost unchanged in percentage terms.
Commerzbank shares led the first stock market league with a price gain of 1.3 percent. The prospect of stock buybacks soon drove the price up.
A buy recommendation from Keybanc analysts did not give the shares of the laboratory service provider Sartorius any momentum. At the end of the Dax, they continued the weakness from the previous day with minus 2.4 percent. However, they had gained significantly in the past few weeks.
Delivery Hero held the red light in the MDax with a loss of 10.9 percent. The food supplier’s papers thus extended their recent losses. Analyst Jo Barnet-Lamb from UBS bank had already drawn attention to possible problems on the South Korean market in a study the day before.
At the front of the MDax, the stocks of the wafer manufacturer Siltronic rose by 4.6 percent following a strong outlook from the US semiconductor manufacturer Micron.
The euro rose and was last trading at $1.0988. In the afternoon, the ECB set the reference rate at 1.0983 (Wednesday: 1.0944) US dollars, meaning the dollar cost 0.9104 (0.9137) euros.
On the bond market, the current yield fell from 2.02 percent the day before to 2.00 percent. The Rex bond index rose by 0.29 percent to 128.74 points. The Bund future was most recently down 0.07 percent at 137.99 points.
Source: Stern
