Stock exchange in Frankfurt: Dax continues to rise

The Dax continued to rise on Thursday following positive signals from the companies' reporting season.

Stock exchange in Frankfurt: Dax continues to rise

The Dax continued to rise on Thursday following positive signals from the companies' reporting season. The leading German index rose by 0.60 percent to 15,599.89 points around noon. The other indices also advanced further: The MDax for medium-sized companies was 1.49 percent higher at 29,078.12 points and the leading eurozone index EuroStoxx 50 gained 0.70 percent to 4310.21 points.

The aircraft manufacturer Airbus exceeded expectations with its annual results, which helped the shares with plus three percent in the Dax top group and the highest level for around three years.

A stockbroker rated Commerzbank's outlook as confident. After the highest profit in more than ten years, the Frankfurters want to further increase the result in 2023 - experts praised the outlook for net interest income in particular. With a price increase of almost eight percent, the shares led the list of winners in the MDax.

Commercial vehicle supplier Jost Werke reported record figures for the past year from the SDax small-cap index. The stocks, which were already strong recently, rose in price by a further 0.9 percent.

Index neighbor Nordex announced a non-cash capital increase. Only the Spanish major shareholder Acciona, which currently holds almost 41 percent of the share capital in the wind turbine manufacturer, is permitted to subscribe to and take over the new shares. The Nordex shares still gained almost one percent.

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