The DAX edged down little at Thursday’s close after spending most of the day in the green. The Xetra settlement put the index at 24,853 points, a decline of 0.01 % from the previous session’s close. The highest‑priced stocks on the exchange were Deutsche Telekom, Continental and Hannover Rück, while the lowest were Heidelberg Materials, Scout24 and Deutsche Post.
“And thanks to the price gains of its core players-Siemens, Deutsche Telekom and SAP-the DAX managed to climb comfortably above the 25,000‑point threshold today” said Andreas Lipkow, chief market analyst at CMC Markets. The move also shifted the top of Germany’s most valuable listed companies: Siemens, buoyed by its latest quarterly results, surpassed SAP in market‑cap weight and reclaimed the number‑one spot in the benchmark index.
Lipkow cautioned that the afternoon’s dip means the DAX will need to show in the next few days whether the current rally can sustain itself and push the psychological level of 25,000 points higher. If it does, newer record highs may become attainable again.
On the currency front, the euro slipped slightly on Thursday afternoon: one euro was worth $1.1870, making one dollar equal to €0.8425.
Oil prices fell sharply; Brent crude was trading at $68.19 per barrel at 5 p.m. German time-down 12.1 cents, or 1.7 %, from the previous day’s close.