Stock exchange in Frankfurt: Dax stabilizes after a price slide

Bargain hunters stabilized the German stock market on Tuesday after the price slide the day before.

Stock exchange in Frankfurt: Dax stabilizes after a price slide

Bargain hunters stabilized the German stock market on Tuesday after the price slide the day before. The Dax increased by 0.94 percent to 12,880.48 points by midday. The MDax of the medium-sized stocks recovered even more clearly than the Dax with plus 1.80 percent to 25,114.48 points. The Eurozone leading index EuroStoxx 50 went up by half a percent.

Expert Jürgen Molnar from Robomarkets commented that the Dax was “surprisingly stable” in view of the presumably longer end of the Nord Stream 1 gas pipeline and before the probably historic interest rate increase by the European Central Bank (ECB).

On the company side, the big winners in the Dax were Volkswagen-Vorzüge with a premium of 2.6 percent. There is finally clarity in the IPO of the sports car subsidiary Porsche AG. Positive statements from analysts about Internet stocks boosted the fashion retailer Zalando with a plus of more than four and a half percent, for Delivery Hero in the MDax it went up by more than nine percent.

After a confirmed buy recommendation, the Hellofresh shares were Dax favorites with a plus of 4.8 percent. The fact that the relegation of the recipe box mail order company from the first stock exchange league was sealed on September 19 was hardly a problem. In return, Siemens Energy, which was only relegated in the spring, is back in the Dax - the papers increased by more than two percent. Also in the MDax, Lufthansa braced itself with a premium of around one and a half percent against the possible threat of the next round of pilot strikes.

After initially stabilizing, shares in the ailing Uniper Group continued their slide and fell to a record low.

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