After two weak trading days, the German stock market regained ground on Friday. The leading index Dax rose by 1.43 percent to 13,318.50 points at lunchtime. In the course of the week, there is an increase of around half a percent. The MDax rose by 1.78 percent on Friday to 23,662.41 points.
Steel stocks like Thyssenkrupp, Salzgitter and Klöckner
In the Dax, however, the Conti share took the lead with a plus of 4.8 percent, it was pulled up by the Italian tire manufacturer Pirelli. This was able to significantly increase sales prices in the third quarter and also benefited from a more advantageous product mix with high-quality tires.
The badly hit share of Germany’s largest real estate company Vonovia rose by 3.5 percent. Although Vonovia became somewhat more cautious for the coming year, analysts attested the company’s solid ongoing business and referred to the recently very weak share price development. With a loss of around 45 percent since the beginning of the year, the paper is one of the weakest in the Dax.
