Frankfurt Stock Exchange: DAX rises above 18,400 points for the first time

The Dax also rushed from record to record on Tuesday.

Frankfurt Stock Exchange: DAX rises above 18,400 points for the first time

The Dax also rushed from record to record on Tuesday. The German leading index has now increased its record to almost 18,412 points. At the close of trading there was an increase of 0.67 percent to 18,384.35 points. The MDax of medium-sized companies rose by 0.77 percent to 26,871.42 points.

Analyst Christian Henke from broker IG does not currently see any willingness to sell among investors. The fear of leaving the stock market prematurely is too great.

Shares from the SDax were in the foreground. KWS Saat is selling its corn business in South America and using the proceeds to reduce debt. The shares gained 6.4 percent.

According to preliminary annual figures, the shares of the DIY store group Hornbach Holding rose by 8.5 percent and thus secured first place in the SDax. The outlook for connection technology manufacturer Norma Group was also well received on the market, with its share price rising by 3.2 percent. The resolution of a share buyback program gave the shares of the software company Compugroup, which specializes in pharmacies and doctor's practices, an increase of 3.9 percent.

Gerresheimer shares fell by almost four percent in the MDax. The packaging manufacturer confirmed a slow start to the year in a conversation, wrote analyst David Adlington from the US bank JPMorgan.

The record run for armaments continued. In the Dax, Rheinmetall papers gained 2.7 percent as the best index value. The shares of the defense electronics manufacturer Hensoldt rose by 6.8 percent in the MDax. The shares of stock market newcomer and tank transmission producer Renk ended up 7.2 percent higher. JPMorgan analyst David Perry expects the wave of demand for rearmament in Europe to last at least a decade.

The Eurozone leading index EuroStoxx 50 rose by 0.4 percent to 5064.18 points. The French Cac 40 and the British FTSE 100 also gained slightly. In New York, the leading barometer Dow Jones gained 0.3 percent at the European stock market close.

The euro rose. The European Central Bank set the reference rate at $1.0855. On the bond market, the current yield rose from 2.39 percent the day before to 2.40 percent. The Rex bond index fell by 0.03 percent to 125.18 points. The Bund future gained 0.15 percent to 132.85 points.

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