FRANKFURT (dpa-AFX) - The shares of Siemens Energy continued their mid-week rally on Thursday. The shares of the energy technology group rose by three percent to 23.24 euros by the afternoon and reached the level of June 2023. This also put them at the top of the Dax. The leading German index recently moved close to its record high with a gain of 0.78 percent.

Analysts were largely positive after Siemens Energy raised its forecast on Wednesday following a strong quarter. Demand for network technology continues to impress, wrote expert Sean McLoughlin from HSBC bank. In addition, the problems in Siemens Gamesa's loss-making wind business appeared to be under control. The restructuring plan for this division should boost confidence in a recovery in profitability./la/he