Stock exchange in Frankfurt: SAP slows down Dax - broad market is growing significantly

Thanks to good indications from overseas stock exchanges, investors on the German stock market were also in a buying mood.

Stock exchange in Frankfurt: SAP slows down Dax - broad market is growing significantly

Thanks to good indications from overseas stock exchanges, investors on the German stock market were also in a buying mood. However, this applies above all to the second and third stock exchange leagues, because the Dax rose by only 0.30 percent to 15,127.03 points in the morning. The fact that the leading German index is lagging behind is probably largely due to significant losses in the heavily weighted SAP share.

The MDax for medium-sized companies rose by 1.41 percent to 28,829.98 points. The SDax climbed by around 1.1 percent. The EuroStoxx 50, the leading index for the eurozone, gained around 0.6 percent.

The reporting season for the companies provided good and bad news with figures from Sartorius and SAP. Clearly positive signals came from the USA: With a strong end of trading, the Dow Jones Industrial had made it slightly into the black the previous evening. The technology stocks on the Nasdaq at least largely made up for significant losses. The Tesla papers climbed by almost 6 percent after the business hours according to the electric car manufacturer.

SAP's shares accelerated their recent downward trend after negatively received figures from the software group and fell by 3.7 percent. This put them at the bottom of the Dax.

Sartorius shares rose in price by 6.0 percent and were thus the clear Dax leader. In early trade they were up to their highest levels since mid-September.

With a price premium of 6.5 percent, Evotec's stocks were the frontrunners in the MDax. The drug researcher goes with the pharmaceutical company Johnson

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