FRANKFURT (dpa-AFX) - The recovery of online stocks in Germany gained further momentum on Thursday due to rising risk appetite. Investors generally bet more heavily again on stocks that had been hit hard by the rise in interest rates in recent months. In addition to growth stocks from the online sector, this now also included real estate shares, which continued their recovery.

Behind Vonovia, which rose by three percent, the shares of online retailer Zalando were the second-best performing Dax stock in the morning, rising by 2.5 percent. In the MDax, the papers of the cooking box supplier Hellofresh stood out in particular, making it above the 30-euro mark for the first time in a year. Most recently, they were the top performer in the mid-cap index with a 6.5 percent jump in share price. The shares of the food delivery service Delivery Hero followed with a recovery of 4.5 percent from the price slide on the previous day, which was triggered by disappointing half-year figures.

Mister Spex also reported positive news from the sector, with shares in the second-tier stock rising by more than ten percent at times. The online eyewear retailer convinced with the quarterly report, which analyst Alexander Thiel from Jefferies evaluated as a "sign of life". The company is growing faster than the market and is operationally profitable again after three negative quarters. Particularly in the online sector, investors are now paying more attention to profitability.

Some stocks from the sector - Hellofresh excepted - have a bad year in 2023. Zalando and Delivery Hero are among the weakest stocks in their indices. The reason is the concern that the increased interest rates will affect the formerly strong growth. As a result, companies have recently been trying to score points with investors on the basis of profitability. In general, hopes are also growing that the interest rate hikes will reach their peak./tih/bek/jha/

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