The biggest winner among Germany's 30 largest listed companies was technology giant Siemens, increasing 3.76 percent, followed by pharmaceutical company Merck with 2.64 percent and reinsurer Munich Re with 1.27 percent.
On Thursday, Siemens announced that net income in the third quarter of the company's financial year 2021 rose sharply by more than 177 percent year-on-year to almost 1.5 billion euros (1.78 billion U.S. dollars) due to "strong and profitable growth in all businesses."
Shares of Bayer fell by 5.17 percent. The German pharmaceutical giant was the biggest loser at the start of trading on Thursday after announcing financial results for the second quarter (Q2) and the acquisition of U.S. biopharmaceutical company Vividion Therapeutics.
In Q2, sales of Bayer increased by 12.9 percent year-on-year to 10.8 billion euros (12.78 billion dollars). As a result, Bayer upgraded its full-year guidance, anticipating higher sales and core earnings per share.
The yield on German ten-year bonds declined 0.0115 percentage points to minus 0.5025 percent and the euro was trading almost unchanged at 1.1839 U.S. dollars, increasing by 0.01 percent on Thursday morning.
Latest comments