The previous trading day in 2024 ended with the Dax in the red. At the Xetra closing, 19,849 points were displayed on the board in the Frankfurt stock exchange hall, which was 0.2 percentage points less than on Friday.
Automotive values were particularly punished and gathered at the end of the price list: The largest decline was over two percent at Volkswagen, followed by Porsche, Mercedes, Daimler, and BMW, with losses of around one percent, and only interrupted by MTU, the engine manufacturer, which mixed with the strongest losers.
On the other hand, a small Christmas surprise was there for investors in Covestro and Rheinmetall, both titles gained over 1.5 percent until just before the end of trading. The European common currency was weaker in the afternoon: One euro cost 1.0403 US dollars, and a dollar was worth 0.9613 euros.
German stock exchanges will only operate twice this year: on Friday, December 27, and on the following Monday, but only until midday then.