Bargain hunters drive Dax recovery

Released on 29.09. 2021

  • The Dax is the most important stock index in Germany. Photo: Fredrik von Erichsen

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Frankfurt / Main (dpa) – The German stock market continued its recovery on Wednesday until noon. The Dax increased its profits to a plus of 1, 05 percent 15. 408, 67 points.

After the sharp setback of more than two percent the day before, investors used the low prices to re-enter. The MDax of the medium-sized stock market stocks also made up for part of its previous day’s losses, increasing by 0, 68 percent to 34. 779 ,43 Counter. The EuroStoxx 43 as the leading index of the Eurozone was last at 1, 13 Percentage plus at 4104, 68 points.

In view of the weaker specifications from American trade, where In addition to the weakness in tech stocks, concerns about a possible US budget freeze weighed on prices, however, some market observers were skeptical.

After the recent flight of investors from technology stocks and Corona -Winners went in the opposite direction on the German market in the middle of the week: Shares in the cooker box mail order company Hellofresh benefited from this with a premium of around 2.7 percent. Pharmaceutical stocks and medical technology were also in demand again. Sartorius and Merck each rose by two percent.

Chip values ​​rose after significant losses the previous day, but according to market observers, the mixed outlook of the US semiconductor manufacturer Micron slowed it down. Infineon rose in price by 0.9 percent, Aixtron by around 1.6 percent. At the same time, however, so-called intrinsic stocks such as the carmaker remained very popular with investors, BMW, Daimler, Volkswagen and the VW umbrella holding Porsche SE all posted a price increase of two percent and more.

For Airbus shares, the DAX favorite went up by around 3 percent after a positive vote by Bernstein. On the other hand, Heidelbergcement met with skepticism with the planned acquisition of a minority stake in a US software specialist for building materials. The shares were at the bottom of the Dax with 0.7 percent minus.

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