At the end of the stock exchange week, the selling pressure on the German stock market eased.

At the opening on Friday, the Dax was down 0.2 percent at 12,503 points.

It is crucial that the leading German index does not slip below its previous year's low of 12,390 points, said portfolio manager Thomas Altmann from the investment advisor QC Partners.

Because in this case, follow-up sales must be expected, which could push the Dax towards 11,500 points.

Among the companies, Hypoport stood out with a record price drop of 34.4 percent.

At EUR 96.30, the shares were as cheap as they were five and a half years ago.

The financial broker had suspended its full-year targets due to weak demand.

The company should no longer aim for double-digit growth rates in sales and operating profit, but instead reduce costs in order to master the current crisis, advised analyst Simon Keller from Bankhaus Hauck Aufhäuser Lampe.

He downgraded the shares to "Sell" from "Hold" and reduced the price target to 70 from 205 euros.