DAX starts slightly lower at market open – Bayer rises significantly
Published
The German stock market began slightly weaker on 30 October. The DAX, the most important index of the Frankfurt Stock Exchange, stood at 26,019.68 points at the start of trading and lost 0.22 percent. The DAX comprises the 40 largest listed companies in Germany.
At the top of the market in the morning were shares of Bayer, which were up 4.04 percent. Shares of Scout24 also rose by 2.45 percent, and shares of Hannover Rück gained 2.12 percent. Bayer is a large pharmaceutical and agricultural group headquartered in Leverkusen.
The TecDAX, which brings together shares of technology and growth companies, fell considerably more at the same time. It dropped by 0.60 percent. The market for technology stocks thus appeared weaker than the overall market in the morning.
For Austria, the development of the DAX is significant because Germany is the country's most important trading partner. Many Austrian investors follow price movements in Frankfurt closely. However, the figures come only from the first minutes of trading, and it remains open how the trading day will end.
Sources: Wallstreet Online
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