Wednesday December 30th 2020
Books are often closed
Dax cancels the 14,000 mark
Shortened trading, thin sales, holiday season: the German stock market is slowly sliding out of the Corona year. In view of the past turbulent months, it is remarkable that the German stock market barometer will probably close with a plus.
The last trading day of the year on the German stock market begins without much momentum. The leading index Dax is slightly above the closing price of the previous day at 13,765 points. The MDax increases 0.1 percent to 30,939 jobs. The TecDax climbs 0.3 percent to 3,226 points. The market had set new record highs in the past two days – then profits crumbled slightly. But the trade was already thin. Many investors have already closed their books for the year.
The relief over the Brexit deal, the start of the mass vaccinations against the coronavirus and planned additional economic aid in the USA made for a conciliatory end to the year from an investor's point of view after the turbulence of the past few months, said analyst Christian Henke from brokerage house IG. The index has gained around four percent since the beginning of the year.
In Germany and Austria, the 2020 stock market year ends at 2 p.m. On most other European stock exchanges, on the other hand, trading continues until the early evening as usual and, in some cases, even shortened on New Year's Eve.
Lined up in the Dax Deutsche Bank and Delivery Hero above a. Germany's largest financial institution had left feathers the day before. And at the food supplier, investors recently cashed in after there had been a price jump at the beginning of the week after reports on the South Korea business. Pay at the bottom Fresenius 1.4 percent one
In the second row increase CTS Eventim to 1.7 percent. Here, the prospect of a return to normal should lure investors into the event marketer. Lufthansa commute after two days with strong recovery around the previous day's course – it looks similar with Fraport out.
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