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Record high for the MDax on the big expiry date

2021-06-22T03:28:51.398Z

Frankfurt / Main (dpa) - In a continuing friendly stock market environment, the MDax of medium-sized German stocks reached a record high on Friday. Overall, however, the movements on the local stock market were limited.



Frankfurt / Main (dpa) - In a continuing friendly stock market environment, the MDax of medium-sized German stocks reached a record high on Friday.

Overall, however, the movements on the local stock market were limited.

The leading index Dax fell by 0.27 percent to 15,685.18 points.

This means that the record high of a little more than 15,800 points reached at the beginning of the week is still in sight.

On a weekly basis, there are signs of a minimal minus.

The MDax last increased by 0.18 percent to 34,283.72 points on Friday.

His record is now around 34,379 points.

The EuroStoxx 50, the leading index for the Eurozone, fell slightly again.

In the course of the day, the prices could move more strongly, because it is a big expiry day.

Contracts on stocks and indices on the futures exchanges expire on this day.

The sales are then often very high and the prices can swing more than usual.

Indications from the US Federal Reserve (Fed) that monetary policy would be less expansive in the future had hardly any impact on the stock exchanges this week.

The day before, the technology-heavy Nasdaq 100 index in New York even climbed higher than ever before.

In the DAX, the shares of the pharmaceutical and specialty chemicals group Merck KGaA advanced to the front runner with an increase of around one percent.

At the end of the index, the shares of the consumer goods company Henkel lost almost three percent.

In the MDax, Encavis shares were ahead of the game with a plus of a good two percent.

Raiffeisen Bank recommended buying the shares of the wind and solar plant operator.

For the papers from Brenntag there was an increase of almost two percent.

The chemicals trader expects more profit for the current year than before.

© dpa-infocom, dpa: 210616-99-12863 / 10

Source: merkur

All news articles on 2021-06-22

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