Dax share index is recovering somewhat

Frankfurt / Main (dpa) – After losses in the middle of the week, more buyers were found on the German stock market on Thursday. The Dax expanded its profits in early trading and climbed back above the last highly competitive level of 15. 700 Counters.

Most recently, the German leading index was up at 0, 64 percent at 15. 716, 41 Points.

The MDax of the 60 medium-sized stock market values ​​moved up by 0 in the morning, 24 Percent on 35. 535, 33 points before. For the European leading index EuroStoxx 50 it went with plus 0, 75 percent to 4176, 90 Counters upwards even more clearly.

Slightly positive figures come from Wall Street. A surprisingly friendly leading economic indicator had made for more risk appetite after the Dow Jones had slipped to its lowest level in almost two months on Tuesday. In Asia, the trading day was mostly negative. There, the stock marketers continue to worry about the highly indebted Chinese real estate giant Evergrande.

“In this country, stock marketers are still not upset,” wrote market observer Thomas Altmann from asset manager QC Partners. Neither the Evergrande crisis nor a possible further corona spread caused any excitement.

On this Thursday, the Dax says for one day 31 Members on the price board, shortly before the German benchmark index is then permanently increased to 40 values ​​from Monday. The spin-off of the drive technology subsidiary Vitesco from Continental becomes a temporary member. Conti shareholders will each receive one Vitesco share for five Continental shares.

In view of the spin-off, Continental shares were traded for 100 euros in the morning, last 98, 94 euros were paid. From a purely visual point of view, this means a minus of around . Adjusted for the spin-off, the share price fell by 1.3 percent.

Shares in the consumer goods group Henkel took the top spot in the Dax with a premium of more than 2.2 percent after a buy recommendation by Deutsche Bank. Analyst Tom Sykes considers the risk-reward ratio of the papers to be promising again. For 2022 he sees clear potential for recovery in business with the automotive industry.

Wacker Chemie’s raised annual forecast was also well received by investors. The shares are more expensive by around 1.3 percent and are thus among the favorites in the MDax. In any case, the industry was in demand across Europe. Covestro shares rose by one and a half percent, spurred on by a positive analyst vote. For Linde it went up by 1.4 percent. Evonik shares advanced by around one percent.

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