Dax is wrestling with the 16,000 point mark – the professional buy mark slides one floor below

Dusseldorf The 16,000 point mark currently plays an important role on the German stock market. In the first hour of trading, the Dax is quoted at 15,960 places, a minus of 0.3 percent. As early as yesterday, Wednesday, the leading index fluctuated around 110 points around this psychologically important mark and went out of business with 16,010 points, an increase of 0.4 percent.

Many professional investors got off to a good start in the new stock market year. This is shown by the data from the weekly survey conducted by the Frankfurt Stock Exchange among medium-term oriented institutional and private investors.

Ten percent of the professionals surveyed used the price slide between Thursday last week and Monday this week to close their short positions with profits. More than two thirds of them then switched to the long side. The previously more optimistic private investors, however, were frightened by the falling prices and sold paper.