Frankfurt / Main (dpa) – After a difficult start to the German stock market, the Dax struggled to make slight gains on Wednesday morning.
More recently, the leading index rose 0.19 percent to 13,158 points. However, this continued with stagnation above the 13,000 mark of recent trading days. Monday’s high of last week of just under 13,300 meters still appears to be too large a number for the Dax.
The MDax of the 60 mid-size stocks rose slightly 0.24 percent to 28,720 points like the Dax. The leading euro zone index, EuroStoxx 50, gained 0.15 percent to 3,474 points.
According to the Bayerische Landesbank, hopes for a corona vaccine face increasing restrictions due to the pandemic. “After advances in vaccines have been discounted, but the pandemic is showing high dynamics, new market impulses are lacking,” analyst Manfred Bucher wrote in a commentary on the market.
On top of the Dax, the newspapers of the German stock exchange sat, they gained four percent. The stock operator’s acquisition of the ISS shareholder adviser was well received by investors, even if analysts criticized the high purchase price.
Shares of Software AG also stood out with an increase of more than seven percent. Analysts were particularly impressed by the optimistic outlook for incoming orders. Papers are at the top of the MDax for medium-size stocks.
Otherwise, there were price fluctuations mainly in the third row: in the SDax of the smaller stocks, Global Fashion Group lost 4.3 percent. After doubling the share price since the beginning of September, the online fashion retailer had used the high price level for a capital increase.
The medium-term corporate objectives of the automotive supplier and industrial group Schaeffler disappointed investors. Newspapers lost 6 percent. SAF-Holland’s share price reaction is completely different. Driven by the truck supplier’s higher margin targets, they soared 15 percent.