Muted mood on the German stock market

Released on 16.09. 2021

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

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Frankfurt / Main (dpa) – The Dax was able to hold its profits as far as possible until noon on Thursday. After losses in the middle of the week, buyers were found on the German market again.

The German benchmark index was recently half a percent higher at 15. 694, 18 points. The mark of Counters remain contested.

The MDax of the 60 medium-sized stock market stocks, on the other hand, almost completely contained its profits in the course of the course and most recently came in with plus 0, 01 Percent at 35. 453, 13 Counters almost on the spot. For the European leading index EuroStoxx 50 it went with plus 0, 77 Percent on 4178, 07 Points but clearly upwards.

In the Dax 18 there are members on the price board . 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, Conti shares were given in the morning under 100 Euro traded, they slipped last on 96, 99 Euro. From a purely visual point of view, this meant a minus of around , 2 percent. Adjusted for the spin-off, the result was a discount of 2.9 percent.

The shares of the consumer goods group Henkel defended their top position in the Dax with a premium of more than 2.2 percent after a buy recommendation by the 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 auto industry.

Gea pulled one of the largest orders in its history on land. The company is to build a protein plant in the US state of Nebraska for an amount in the “clearly upper double-digit million euro range”. The papers of the mechanical and plant engineering company rose strongly. The shares rose by one and a half percent.

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