Stock exchange in Frankfurt: Dax rises above 13,000 points again

The Dax initially gained new momentum on Tuesday after its reset.

Stock exchange in Frankfurt: Dax rises above 13,000 points again

The Dax initially gained new momentum on Tuesday after its reset. The leading index returned above the 13,000 point mark in early trading. Around noon he then gained 1.71 percent to 13,113.03 points. Since mid-August, when it was still close to 14,000 points, it had lost about 1,000 points in a hurry. At the beginning of the week it had slipped to its lowest level since mid-July.

The MDax went up 1.21 percent on Tuesday to 25,777.66 points. The EuroStoxx 50 also increased significantly by 1.5 percent. Indications also point to a recovery on the US stock exchanges.

Bayer is recovering

The shares from the VW group have become a support for the Dax these days, in view of the soon-hoped-for news about the IPO of Porsche AG: While the Volkswagen shares rose by three percent, those of the group holding company Porsche SE were at the top of the Dax with one increase of five percent. They are now heading for their sixth consecutive day of profits, with a 13 percent overall gain.

Another clear winner on Tuesday was Bayer's shares, which recovered by 3.6 percent after a price slide at the beginning of the week due to a positive analyst comment.

Utilities were worse off, as shown by sales of three percent, especially at RWE. The shares of the wind and solar park operator Encavis reacted even more strongly: After a price slide on the previous day, they fell further by 4.7 percent.

In the SDax, the shares of the Adler Group, which had recently fallen to a record low of less than three euros, leveled off at 2.5 percent. The ailing real estate group came out with some news the night before the market closed, including half-year figures, the waiver of a dividend proposal and the permanent installation of a chief financial officer. The shares have been under intense pressure for months, among other things because of allegations by a short seller.

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