On Maundy Thursday, the Dax added another high to its recent record series during trading and closed only slightly modified. In the end, the main German index gained 0.08 percent to 18,492.49 points.
For the shortened Easter, the Dax posted a gain of around 1.6 percent. The most important stock barometer closed the month of March with a gain of 4.6 percent and the first quarter with an increase of 10.4 percent.
No collection of benefits before Easter
On the contrary, the MDax of medium-sized companies fell 0.18 percent on Thursday, to 27,043.04 points. The MDax also lagged the DAX on a weekly, monthly and especially quarterly basis (-0.4 percent).
Expectations of imminent interest rate cuts in the eurozone and in the US, where the economy is in good shape, were the decisive reasons for the recent rally in the Dax. In recent days, more and more investors have joined the project so as not to miss out on the bull market. So far there have been no major profit takings.
Some market observers suspected that investors could take advantage before Easter and play it safe, also because important price data will be published in the US on Good Friday, to which US quotes will not be able to react until on Tuesday.
EuroStoxx 50 also remains stable
The main European indices also moved little and registered stable closing trends. The eurozone's leading index, EuroStoxx 50, almost stagnated, as did the French Cac 40. Britain's FTSE 100 closed up around 0.3 percent. At the end of Europe, the New York Dow Jones Industrial practically remained at the level of the day before.
At the top of the DAX, Siemens Energy shares continued their strong run with a gain of 3.3 percent. In the first quarter, with a gain of 42 percent, they were the second best value in the main index, behind Rheinmetall stocks, boosted by the arms boom (up 82 percent). These rose 1.8 percent, but remained below the previous day's record.
Energiekontor disappoints with its prospects, shares lose ten percent
The DHL group took last place in the Dax with a discount of 1.4 percent. For the first time since 2017, Deutsche Bank removed its buy recommendation on shares of the logistics company.
There were Jungheinrich figures from the MDax. After a strong last year, the forklift manufacturer looks optimistically at the current and next year. Shares rose 1.5 percent.
Energiekontor shares posted losses of almost ten percent on the SDax of smaller stocks. After a record year, the wind and solar farm operator expects declining results for 2024. The outlook for diagnostic specialist Stratec was also not well received, with its shares losing 5.2 percent.
Current yield drops to 2.37 percent
The euro recently fell to $1.0799. The European Central Bank (ECB) set the reference rate at $1.0811 in the afternoon.
In the bond market, the current yield fell from 2.39 percent the day before to 2.37 percent. The Rex bond index rose 0.03 percent to 125.30 points. The Bund future lost 0.04 percent to 133.31 points.