Stock exchange in Frankfurt: Dax stops above 15,000 points

The leading German index did not show a clear trend in trading on Monday.

Stock exchange in Frankfurt: Dax stops above 15,000 points

The leading German index did not show a clear trend in trading on Monday. Papers from the second and third row, on the other hand, mostly posted clear gains. Around noon, the Dax was 0.04 percent higher at 15,039.08 points. The MDax for medium-sized companies rose by 0.80 percent to 28,704.54 points. The EuroStoxx 50, the leading index in the euro zone, rose by around 0.2 percent.

From an industry standpoint, real estate values ​​did quite well on Monday. Vonovia grew by 2.2 percent on Monday as the Dax leader. Aroundtown was able to make up for initial losses and gained 1.2 percent.

Among the individual stocks, Symrise shares moved into the focus of investors. An impairment on a stake in Sweden eroded the flavor and fragrance manufacturer's profit in 2022. The operating result (Ebitda) fell by a good two percent. Nevertheless, Symrise promised to "maintain an attractive dividend policy" for 2022. Sales increased significantly thanks to acquisitions and higher sales prices. The papers fell to their lowest level in more than three months and were last listed 6.1 percent in the red. This put them at the bottom of the Dax.

The shares of Secunet Security Networks increased in price by 3.5 percent despite missing the earnings target (EBIT) for 2022. In terms of sales, however, the IT security service provider achieved a record value and exceeded the target set by the management. The fourth quarter in particular once again provided tailwind.

Salzgitter's shares rose by 1.9 percent. The steelmaker plans to cut around 500 to 800 jobs by 2033. In the course of the conversion of production to more climate-friendly processes, fewer employees will be needed in the future, CEO Gunnar Groebler told the "Braunschweiger Zeitung" on Sunday. The jobs could be "reduced over time in a socially acceptable way just by using the age pyramid".

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