TecDAX gains 1.1 percent as Nordex lifts tech stocks
Published on 10/16/2026 at 23:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRates and growth cues
- TecDAX finished at 4,015 points on October 16, up 44 points or 1.1 percent.
- Nordex reported EUR 278 million in preliminary third-quarter EBITDA.
- Nordex led TecDAX gainers with a 12.3 percent advance.
- China releases third-quarter GDP data on October 19 at 4:00 a.m. CEST.
The TecDAX closed on October 16, 2026 at 4,015 points, up 44 points or 1.1 percent. Nordex's preliminary third-quarter EBITDA of EUR 278 million helped lift the technology index.
Nordex led the advance after reporting stronger operating results and raising its full-year margin outlook. The move followed easing concerns about interest rates and artificial intelligence valuations, Onvista reported.
Why did the TecDAX rise on Friday?
Nordex said preliminary third-quarter EBITDA reached EUR 278 million, compared with EUR 136 million a year earlier. It raised its 2026 EBITDA margin target to 11.5 percent to 12.5 percent from 8.0 percent to 11.0 percent, Boerse Express reported.
Market commentary also pointed to reduced rate fears after Federal Reserve Chair Kevin Warsh avoided specific monetary-policy guidance in a speech. That helped ease pressure on technology valuations, wallstreetONLINE reported.
Winners and losers in the TecDAX
At the Xetra close, Investing.com listed these TecDAX winners and losers:
- Verbio up 16.6 percent
- OHB up 13.0 percent
- Nordex up 12.3 percent after its stronger quarterly results and higher margin outlook
- IONOS down 1.6 percent
- SAP down 1.0 percent
- Jenoptik down 0.9 percent
Across Frankfurt, rising stocks outnumbered declining stocks by 437 to 244, with 61 unchanged. The technology index opened at 3,988 points and reached a high of 4,052 points.
TecDAX enters the next week after a 1.6 percent gain
The TecDAX gained 1.6 percent during the week and was up 11.5 percent year to date, according to finanzen.net.
What comes next for the TecDAX
- October 19, 2026, 4:00 a.m. CEST: China releases third-quarter gross domestic product and September industrial production data, dpa-AFX lists.
- October 19, 2026, 8:00 a.m. CEST: Germany publishes August factory orders, dpa-AFX lists.
TecDAX price data for October 16, 2026
The TecDAX closed at 4,015 points on October 16, 2026, according to finanzen.ch. It rose 44 points, or 1.1 percent, from 3,970 points on October 15, 2026. The index opened at 3,988 points and traded between 3,981 and 4,052 points.
TecDAX by the numbers on October 16, 2026
- Index: TecDAX
- Home exchange: Xetra, Germany
- Close on October 16, 2026: 4,015 points
- Change versus previous close of October 15, 2026: up 44 points (up 1.1 percent)
- Previous close: 3,970 points
- Open: 3,988 points
- Day high / day low: 4,052 points / 3,981 points
- Top gainer: Verbio up 16.6 percent
- Top loser: IONOS down 1.6 percent
- Next scheduled event: October 19, 2026, 4:00 a.m. CEST: China third-quarter GDP data
