(Name of analyst added in 3rd paragraph, 1st sentence: Alexander Duval)

FRANKFURT (dpa-AFX) - Infineon shares, which were dragged down by the sell-off in the technology sector early on Monday, quickly focused on the Dax group's quarterly figures and lifted the shares into positive territory. They recently gained 0.5 percent as the best index value in the still very weak Dax.

The chip company improved slightly in the third quarter and halted its downward trend of the previous quarters. However, the recovery is only progressing slowly, as Group CEO Jochen Hanebeck explained.

Investors should be encouraged by Infineon's figures, wrote analyst Alexander Duval from Goldman Sachs. After the figures from competitors such as STMicro, fears spread and Infineon was able to lower its forecast. According to the expert, investors should now pay attention to demand trends after September. That is when Infineon's new financial year begins./ajx/jha/