As of: March 25, 2024, 5:56 p.m
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The Dax is the most important stock index in Germany.
© Fredrik von Erichsen/dpa
Even after a seven-week winning streak, the Dax did not show any significant weakness at the start of the shortened pre-Easter stock market week.
With 18,285.58 points, the German leading index reached another record high on Monday afternoon and closed 0.30 percent higher at 18,261.31 points.
The MDax of medium-sized companies rose by 0.17 percent to 26.
Frankfurt/Main - 666.96 points.
Investors are still pinning their hopes on soon falling interest rates in the USA and Europe.
“Anyone who currently has shares won’t give them away and those who don’t have any are increasingly forced to jump on the bandwagon and thus drive prices further up,” said capital market strategist Jürgen Molnar from broker Robomarkets, analyzing the situation.
At some point, however, profit-taking could begin, he warned.
Given the explosive security situation worldwide, arms stocks were also popular investments on Monday and continued their recent record run.
The shares of the electronics specialist Hensoldt reached another record high and ended up as the clear MDax leader, up more than 10 percent.
In the current year the profit amounts to 67 percent.
The securities of Rheinmetall (plus 1.4 percent) and the stock exchange newcomer Renk (plus 7.6 percent) also recorded highs.
dpa