The leading German index has already reached several new record highs this year.
(Photo: Bloomberg Creative / Getty Images [M])
Dusseldorf No investor wanted to miss the current year-end spurt on Wednesday. Accordingly, it went up again at the close of trading. The Dax finally closed almost one percent up at 15,593 positions. On Wednesday yesterday, the German benchmark index was already 1.4 percent higher at 15,447 points.
The fear of missing the current year-end spurt on the stock market is also reflected in the two upward price gaps that were torn both yesterday, Tuesday and at short notice at the start of trading today, Wednesday. These gaps (technical jargon: “gap”) arise when the lowest point of the trading day is above the highest point of the previous day. So few investors are willing to sell at a suddenly higher level.
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