DAX rose 0.2% amid growth in several sectors of German economy

On Thursday, shares of German companies rose amid gains in the food and beverages, pharmaceuticals and healthcare, and telecommunications sectors. The DAX index increased 0.2%, reaching a new record high at the close of trading in Frankfurt, according to Investing.com.

The top performers on the DAX were Bayer AG (up 4.38%, or 1.11 points), Commerzbank AG (up 3.48%, or 0.94 points), and Heidelberg Materials AG (up 3.12%, or 5.45 points).

Meanwhile, the number of falling stocks on the Frankfurt Stock Exchange exceeded the number of rising ones—307 to 299. 32 showed no change in value. The DAX volatility index, which measures the implied volatility of options, fell 1.34% to 19.78.

According to Reuters, yesterday's session was also influenced by comments from the European Central Bank regarding monetary policy. After announcing a 25-basis-point rate cut, ECB President Christine Lagarde said the bank is well-prepared for global economic uncertainty. This prompted investors to temper their expectations for further policy easing. Consequently, the DAX index moderated its growth.