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ROUNDUP / Frankfurt Stocks End: Dax continues to rise in the pre-Christmas calm

Wednesday, 12/22/2021 6:04 PM from

dpa-AFX

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The German financial metropolis Frankfurt am Main. pixabay.com

FRANKFURT (dpa-AFX) – The German stock market continued to rise on Wednesday. The Dax continued the recovery from the previous day and rose by 0.95 percent to 15 593.47 points. Stock exchange traders nevertheless spoke of the pre-Christmas calm with sharply falling stock exchange turnover. On Monday, the Dax dropped to its lowest level since the end of November due to the strong spread of the Omikron virus variant. The leading index has now more than made up for these losses. The MDax increased by 0.80 percent to 34,622.25 points.

“While some do not want to miss a potential ‘Santa Claus Rally’ over and after the holidays and therefore stay in the market, others prefer to take some money off the table for fear of negative news and an infection that will pick up again over the long weekend”, described Jürgen Molnar, capital market strategist at Robomarkets, the stock exchange events on Wednesday. Ultimately, however, the supporters of the year-end rally prevailed.

Delivery Hero shares were responsible for the individual stocks with a price increase of 7.4 percent for a furore. This made them the clear front-runner in the Dax. The online provider discontinued its food delivery service in Germany after a short time. This frees up money for investments in high-growth markets, praised stockbrokers.

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— By Benjamin Krieger, dpa-AFX —

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