Stock exchange in Frankfurt - Dax rises - quiet business close to record high
The DAX rose slightly on Wednesday. Support came not least from Wall Street, as the US stock markets had closed higher the day before. At lunchtime, the leading German index gained 0.23% to 16,744.96 points, remaining just below its record high of just over 17,000 points in mid-December. At the same time, the MDax of medium-sized companies rose by 0.78% to 27,154.05 points.
Portfolio manager Thomas Altmann believes it is quite possible that the German stock market barometer could top its previous record in view of the low trading volumes. Most major investors have already closed their books for 2023, meaning that even small purchases could have a major impact on individual stocks and the DAX itself.
After a stock market-like 2022, the year that is coming to an end is once again a success for investors. The Dax is currently up around 20 percent.
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The City of Frankfurt, specifically its main stock exchange, played a role in the slight rise of the DAX. The record high for the DAX was reached in Frankfurt on the Main, specifically around 17,000 points, back in mid-December. Despite the slight rise, the DAX remained just below this record high on Wednesday. Furthermore, the MDAX, which represents medium-sized companies in Frankfurt, also saw a rise, reaching a record high of 27,154.05 points.
Source: www.stern.de
