Dax continues to grow – quarterly data are well received | Free press

Frankfurt am Main.

The recovery in the German stock market, which started in mid-July, continued on Thursday. The rates were supported by solid economic data from the US. As a result, the quotation of the Nasdaq technology on the stock exchange rose particularly strongly. But the national quarterly reports were also largely well received. The leading Dax index rose 0.85 percent to 13,703.46 points in the early afternoon.

The MDax of mid-sized companies rose 1.28 percent to 28,162.17 points on Thursday, breaking the 28,000 mark for the first time in almost two months. The leading euro area index, the EuroStoxx 50, rose by 0.66 percent.

Following the quarterly reports from Dax Adidas, Beiersdorf, Hannover Re and Zalando, investors gave their fingers crossed. The price increase ranged from 0.7 percent. for the reinsurer up to 7.8 percent for Zalando. Contrary to Bayer, whose share price fell by 2.2 percent.

There were also large price fluctuations in the second and third series. Lufthansa grew by 4.5 percent. Dürr shares gained 3.2 percent. The mechanical and plant engineering company expects a record-high order flow this year.

In the telecommunications company United Internet, earnings per share were lower than expected in the first half of the year. The exchange rate fell by 4.2 percent. The Lanxess Chemical Group is on track to meet its annual goal of substantial earnings growth. The price increased by 1.1 percent.

At SDax, Baader Bank’s downgrade for PNE wind farm project developer documents pushed the stock down 6.2 percent. Investment house Bryan Garnier dropped a buy recommendation for Basler, after which the technology company lost 5.3 percent.

Hensoldt’s shares were down 5.9 percent according to the quarterly defense group data. Compugroup shares rose 5.8 percent, fueled by more optimistic forecasts from the software manufacturer. (dpa)

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