Frankfurt / Main (dpa) – The Dax recovered completely from its previous day’s losses on Thursday afternoon and initially exceeded the mark of 15. 700 points established. Most recently, the leading German index was listed at 0, 75 percent higher at 15. 733, 35 points.
The MDax of the 60 medium-sized stock market values almost completely contained its initial profits and was last at plus 0, 09 Percentage at 35 482, 23 counters almost up the agency. The European benchmark index EuroStoxx 50 went up by around 0.9 percent.
The Dax stands for one day 31 members on the course board. The spin-off of the drive technology subsidiary Vitesco from Continental will temporarily become a member of the leading index. Conti shareholders received one Vitesco share for five Continental shares.
Continental shares were traded for less than 100 euros due to the spin-off. They finally slipped further down to 96, 49 euros. From a purely visual point of view, this meant a minus of around Percent. Adjusted for the spin-off, the result was a discount of 4.3 percent.
According to a buy recommendation by Deutsche Bank, the shares of the consumer goods group Henkel were among the top values in the Dax with a plus of 1.7 percent. 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.
A major order from the USA for the mechanical and plant engineering company Gea brought the shares a plus of 1.7 percent. The day before, the Gea share certificates had reached their highest level in more than three and a half years. With the construction of a protein plant in the US state of Nebraska, Gea claims to have landed one of the largest contracts in the company’s history. The order value is well in the upper double-digit million euro range, it was said. According to the previous evening’s key data, Südzucker shares curbed their profits to a plus of 0.7 percent.
In contrast, the shares of Borussia Dortmund (BVB) fell at the end of the SDax 11, 5 percent down, to its lowest level in five months. The football club wants to get fresh money with a capital increase. With the gross proceeds of around 86, 5 million euros, the management wants to settle debts and compensate for losses from the corona pandemic. Investments in new players are also conceivable, it was said.
The euro lost value and was last traded at 1. 1754 US dollars. The European Central Bank (ECB) set the reference rate the day before at 1. 1824 dollars.
On the bond market, the current yield rose from minus 0. 40 percent on the previous day to minus 0, 37 percent. The Rex bond index fell by 0, 11 percent to 144,94 Points. The Bund future fell by 0, 16 percent to 171,23 Points.