Astrazeneca Helped the German Benchmark Index
The Dax got a little boost in late trading on Tuesday and just closed in positive territory.
Positive news about the vaccine from the British-Swedish pharmaceutical company Astrazeneca initially helped the German benchmark index to its daily high of just under 13,300 points, then the Dax finished with 13,278.49 points and plus 0.06 percent.
The MDax of the medium-sized stocks once again overtook the Dax. It rose to another record high in late trading and closed with an increase of 0.61 percent to 29,653.86 points. While the Dax has been hovering around the 13,300 mark for around four weeks, the MDax has grown continuously during this time. This also applies to the small cap index SDax, which ended the day on Tuesday with a plus of 0.46 percent to a record high of 14,034.38 points.
The leading euro zone index EuroStoxx 50 fell on the second trading day of the week by 0.12 percent to 3525.87 points. The French Cac also fell moderately, while the British FTSE 100 again closed just under positive. In New York, the Dow Jones Industrial was trading 0.3 percent higher at the close of European trading.
Among the individual stocks on the German stock market, BASF shares were among the favorites with a plus of 1.43 percent. The chemical company is allowed to sell its subsidiary Colors & Effects, which specializes in color pigments, to the Japanese group DIC, subject to certain conditions. There was also a positive UBS study. Analyst Andrew Stott now recommends buying the share.
In the MDax, Hella took first place with an increase of 8.28 percent. After a surprisingly strong second quarter, the automotive supplier had raised its forecast the evening before the stock market closed.
On the other hand, the Compugroup’s statements about the new year were not well received. The software provider, which specializes in medical practices and pharmacies, expects even stronger growth in 2021, but the investments planned for this will put pressure on the margin. Warburg Research expert Andreas Wolf reacted promptly and canceled his buy recommendation after the last good run of the shares. The Compugroup papers lost 10.27 percent at the very back of the MDax.
The euro was last traded at $ 1.2111. The European Central Bank (ECB) had set the reference rate in the afternoon at 1.2114 (Monday: 1.2128) dollars, the dollar cost 0.8255 (0.8245) euros.
On the bond market, the current yield fell from minus 0.58 percent the previous day to minus 0.59 percent. The Rex bond index rose 0.06 percent to 146.36 points. The Bund future gained 0.19 percent to 178.19 points.