Further relaxation of the corona virus in China gave the Dax a boost after Christmas. It hovered around the 14,000 point mark with thin sales. At lunchtime, the leading German index rose by 0.72 percent to 14,040.93 points.
The MDax for medium-sized companies increased by 0.67 percent to 25,417.46 points. The Eurozone leading index EuroStoxx 50 gained 0.79 percent. The mood on the stock market is currently being kept up by news from China, because in the world’s second largest economy there are increasing signals that the lockdowns are coming to an end.
Among the individual values, the shares of the car manufacturers in particular benefited from the prospects in China throughout Europe and also in the Dax. Porsche AG rose by 2.7 percent as the favorite in the leading German index. BMW, Volkswagen and Mercedes-Benz gained between 1.0 and 1.5 percent.
For the gas importer Uniper, which had to leave the SDax after being rescued by the state, the fuel cell manufacturer SFC Energy is represented in the index of the smaller values. After gaining a little more than eight percent since this exchange became known, SFC Energy’s shares have now fallen by 1.2 percent.
Siemens Energy announced that it would buy back its own shares worth up to 130 million euros for an employee share program. The shares increased in the Dax by 2.4 percent.
For Rheinmetall, the top of the MDax rose by 3.1 percent. After losses on Friday, they have now resumed their recovery movement in the week before Christmas.
