FRANKFURT (dpa-AFX) – The year-end rally on the German stock market is underway. The jump above 20,000 points the day before has further fueled the Dax’s record run in the middle of the week. The leading German index approached the 20,300-point mark significantly in the afternoon and ultimately ended trading with a gain of 1.08% to 20,232.14 points. In the stock market year 2024, investors can currently look forward to a DAX increase of almost 21%.
The Dax was supported in its run by index heavyweight SAP. The shares gained 3.8%, climbing from record to record for the third day in a row. They benefited above all from positive comments from the banks JPMorgan and UBS. Despite the already strong price increase of around 73 percent this year, SAP shares remain one of the favorites of analyst Toby Ogg from JPMorgan. The share was probably also helped by the fact that US software specialist Salesforce has become somewhat more…
