Deutsche Börse: MDAX legt deutlich zu, Siemens Energy an der Spitze
Published
On 26 October, German stock markets showed a positive trend in the morning. The DAX, Germany's most important stock index with 40 large companies, stood at 25,441.52 points. The MDAX, which covers medium-sized companies, rose strongly by 1.36 percent.
Among the strongest performers were shares of Siemens Energy, which climbed 4.34 percent. Shares of construction group Hochtief also recorded a gain of 3.48 percent. Commerzbank gained 2.63 percent. This development shows that companies from the energy, construction and financial sectors were especially in demand.
Not all stocks performed positively. The cosmetics group Beiersdorf, which owns the Nivea brand, lost 0.98 percent. For investors in Austria, German stock exchanges are important because many Austrian companies cooperate with German firms and because price movements often influence sentiment across European markets.
The figures come from a brief interim review during the trading day. How prices developed up to the close of trading was not yet known at the time of the report.
Sources: Wallstreet Online
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