On the German stock market, the most important indices continued their recent recovery with robust gains on Thursday. The Dax expanded its plus in front of much-noticed inflation data from Germany in the morning and was last up 1.00 percent at 15,481.80 points.
In view of easing concerns about the banking sector, the leading German index had already ended a strong previous day at its highest level in more than two weeks – which it has now expanded. The recovery was also recently spurred on by hopes that the central banks would adopt a more relaxed approach in the future.
The MDax of medium-sized stock market stocks rose by 1.33 percent to 27,242.86 points in the morning. The situation in Europe was similar: the Eurozone leading index EuroStoxx 50 recently climbed 0.99 percent to 4273.02 points.
On the corporate side, real estate stocks remained in demand on the penultimate trading day of the week. Vonovia shares rose by almost four percent at the top of the Dax, and the other stocks in the lower tiers of the stock market also rose significantly. The mood for the sector, which was hit by rising interest rates and high energy and construction costs, had already turned 180 degrees by the middle of the week with hopes that the central banks’ tough course would soon come to an end.
In the MDax, the shares in the telecommunications group United Internet stood out with a discount of more than three percent at the end of the index. One stockbroker rated the figures for the past year as mixed. The targets were also better than expected in terms of sales, but the targeted operating result was below market expectations.
Shares in the solar technology specialist SMA moved far ahead with a premium of more than 16 percent on the SDax top spot – this meant a high since 2010. Higher annual targets for sales and operating profit attracted investors.
SFC Energy stocks continued their recovery from a recent low since November, up almost 7 percent – the fuel cell maker was in the black after posting a loss a year earlier.
The move by Shop Apotheke in Switzerland was also rated positively on the market. The online pharmacy is bringing its business there into a joint venture with the healthcare provider Galenica. The papers went up by a good six percent.
Eckert shares
