Stock exchange in Frankfurt: Dax curbs early profits significantly

After the early gains on the German stock market, the momentum of the buyers quickly ebbed away again on Tuesday afternoon.

Stock exchange in Frankfurt: Dax curbs early profits significantly

After the early gains on the German stock market, the momentum of the buyers quickly ebbed away again on Tuesday afternoon. The German leading index Dax, which was initially strong, curbed its gains significantly in the course of the morning and was last up 0.16 percent at 12,247.84 points.

The second stabilization attempt this week may also collapse completely. The situation in the broader market looked similar: In the MDax of medium-sized stocks, the early price gains melted to 0.20 percent at 22,495.83 points.

According to traders, the expected positive opening of the US technology exchange Nasdaq served as a support. As on the previous day, this ensured solid price gains for many German industry stocks: the shares of the semiconductor group Infineon rose by almost three percent at the top of the Dax. The MDax favorites Aixtron and Teamviewer each went up by almost four percent.

In the SDax, Verbio shares stood out with high price premiums. The biofuel manufacturer had announced record results for the past year, and the stock was recently more than ten percent higher. The shares of the index newcomer Energiekontor were listed with a price increase of 10.3 percent.

Hugo Boss lost around three percent after a positive vote was withdrawn by Deutsche Bank. The fashion retailer has recently benefited from positive influences, but the tailwind should now ease off or perhaps even turn into a headwind, analyst Michael Kuhn justified his grading. In the Dax, shares in the sporting goods manufacturer Adidas were able to reduce their loss after Goldman Sachs canceled a buy recommendation, and were recently still moderately in the red.

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