The Dax continued its upward movement on Thursday at another high point of the reporting season. With a recent increase of 0.56 percent to 15,314.38 points, the leading index remained at its highest level since mid-October.
In the second and third German stock market leagues, the indices even stood out positively. The reason was many positive reactions to quarterly reports. The MDax had increased its gain at lunchtime to 25,759.56 points to just under 1.5 percent and was therefore similar to the SDax. At the same time, the Eurozone index EuroStoxx 50 was up 0.8 percent. There are currently signs of a moderately positive start on the US stock exchanges.
According to figures, Merck KGaA shares took the lead in the DAX with a gain of 4.7 percent. There was talk of “solid figures” from the chemical and pharmaceutical company, which were already sufficient as an argument for robust share price development. Hot on Merck’s heels was Henkel shares, which rose 2.4 percent. The consumer goods manufacturer is becoming more optimistic for the current year thanks to price increases and rising sales volumes. There were also price gains by numbers at Rheinmetall and Deutsche Telekom.
In contrast, Airbus shares fell by 2.5 percent and Hannover Re fell by 2.3 percent. At aircraft manufacturer Airbus, missed expectations triggered a correction after a good run. The reinsurer from Hanover disappointed with its operating result.
There was a lot of movement in some stocks below the top stock market league: Ströer shares rose particularly significantly in the MDax by almost ten percent. After another surprisingly strong quarter, the outdoor advertising specialist expects continued momentum.
In the SDax, Verbio and Cancom recorded the largest gains with increases of more than ten percent. On the other side of the SDax, there was a price slide of almost twelve percent at Energiekontor, which was justified by a canceled buy recommendation from the analysis company Stifel.
