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Bull in front of the Frankfurt price board (archive picture): Hope for an end to the crisis
Photo: Boris Roessler / dpa
Another new record: the German leading index Dax steadily expanded its profits on Monday after a friendly start and reached a new all-time high of 14,402 points in the afternoon.
At the end of the trading day, the index was quoted at 14,308.91 points - an increase of around 3.3 percent.
Analysts explained the rally with a paradigm shift: Investors are therefore increasingly relying on companies whose businesses can benefit from a subsidence of the corona pandemic.
A similar picture emerged at the beginning of the week in New York, where the Dow Jones index of standard stocks stole the show from the technology-heavy Nasdaq indices.
"The Dax is now benefiting from what made life difficult for it before: the lack of technology shares," said market observer Jochen Stanzl from broker CMC Markets.
Investors continued to avoid the previous favorites in the Corona period on Monday.
For example, the shares of the cooking box supplier Hellofresh in the MDax slipped by five percent.
According to the dealers, there was a gradation by the experts at Exane BNP as a burden.
Automobile manufacturers and banks in demand
Shares from the automotive and banking sectors were also in demand.
Papers from Continental, BMW and Daimler advanced between 3.2 and 5.3 percent, while those of Deutsche Bank rose 4.3 percent to a high since 2018.
JPMorgan equity strategist Mislav Matejka sees an attractive investment environment in the financial sector, even in anticipation of further increases in market interest rates.
In general, Matejka sees further potential in stocks that will benefit from a relaxation of the restrictions in the corona pandemic - a scenario that equity investors are currently getting into, especially in the travel and leisure sector.
For the papers of Lufthansa and the airport operator Fraport, the MDax went up by 5.7 and 7.4 percent, respectively.
Against this background, shares from the aircraft industry were also in demand.
Airbus recorded a price increase of 5.4 percent.
At the aircraft manufacturer, deliveries of new machines picked up speed in February after a weak start to the year.
In tow, the shares of the engine manufacturer MTU in the Dax rose by 4.9 percent.
However, the shares of Deutsche Post advanced to the front runner in the DAX, expanding their profits to 6.5 percent over the course of the day.
The logistics company pleased its shareholders with the announcement of a share buyback and a higher dividend, with which it wants them to share in the success of the past year in times of the pandemic.
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mic / dpa
