The Dax continued to rise on Thursday. Around an hour after the start of trading, the leading German index was up 0.37 percent to 15,564.45 points.
The other indices also posted gains. The MDax for medium-sized companies was 1.01 percent higher at 28,940.27 points and the leading eurozone index EuroStoxx 50 was up 0.39 percent at 4296.89 points.
The aircraft manufacturer Airbus exceeded expectations with its annual figures, which helped the shares with plus 2.9 percent in the Dax top group and the highest level for around three years. On the other hand, as feared, the targets for 2023 would be lower, wrote a trader. Airbus is postponing the expansion of its medium-haul jet production in view of the problems in the supply chains.
In an initial assessment, 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 9 percent, the shares led the list of winners in the MDax.
Exceeded sales and earnings expectations gave the ticket seller CTS Eventim a price gain of 0.6 percent. On the other hand, the shares of K S lost moderately against the market after negatively received news from the competitor Nutrien. The Canadian fertilizer manufacturer's shares, which are listed in New York, suffered from weak quarterly figures and a disappointing outlook after the market closed there.
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 0.9 percent.
The laboratory service provider Synlab meanwhile suffered from a downgrade at the end of the SDax with minus 3.5 percent. The analyst firm Jefferies dropped its buy recommendation for the share and lowered the price target significantly. Expert James Vane-Tempest was negatively surprised by the significantly reduced margin target in the context of the recently reported annual figures.
