May 19 (Bloomberg) -- German stocks gained for the second straight day, pushing the benchmark DAX Index to its highest in five weeks. Adidas-Salomon AG, TUI AG and Bayer AG paced gains.

The DAX added 20.52, or 0.5 percent, to 4345.12 as of 1:39 p.m. in Frankfurt, as 18 shares rose and 12 fell. The measure last closed above that level on April 14. DAX June futures rose less than 0.1 percent to 4351. The HDAX Index of the country's 110 biggest companies increased 0.5 percent to 2229.77.

Adidas-Salomon, the world's second-largest sporting-goods maker, climbed 3.20 euros, or 2.5 percent, to 133 euros, pacing gain on the DAX.

TUI, Europe's largest tour operator, gained 36 cents, or 1.9 percent, to 19.50 euros.

Bayer, Germany's second-largest drugmaker, climbed 28 cents, or 1.1 percent, to 26.85 euros. Credit Suisse First Boston yesterday raised its price estimate for Bayer shares 7.7 percent to 28 euros, citing ``encouraging'' first-quarter figures.

The following stocks are making gains or losses. The stock symbols are in parentheses after the company names.

Centrotec Sustainable AG (CEV GY) gained 90 cents, or 4.3 percent, to 22 euros. The maker of heat-resistant plastic and energy-efficient boiler systems said first-quarter profit rose 4 percent to 2.2 million euros ($2.8 million). Sales rose to 32.7 million euros, the Brilon, Germany based company said today.

Deutsche Bank AG (DBK GY) declined 85 cents, or 1.4 percent, to 61.47 euros. The South Korean brokerage unit of Europe's largest lender received a ``caution'' from the Korean stock exchange for a suspected rule breach, the exchange said today. Deutsche Securities Korea erred in reporting daily outstanding margins on index futures trading, the exchange said in a statement in Seoul. Michael West, a Hong Kong-based Deutsche Bank spokesman, declined to comment.

IKB Deutsche Industriebank AG (IKB GY) climbed 15 cents, or 0.7 percent, to 21.45 euros. The lender's said its full-year net income rose 36 percent to 143 million euros after it sold a stake in its leasing division and commission income rose.

Premiere AG (PRE GY), Germany's only pay-TV broadcaster, dropped 91 cents, or 2.9 percent, to 29.99 euros. The company's first-quarter net loss was 3.4 million euros ($4.3 million), compared with a loss of 41.4 million euros a year earlier. Sales rose 10 percent to 247.4 million euros. The median estimate of seven analysts surveyed Bloomberg News was for a loss of 6.9 million euros on sales of 248.5 million euros.

To contact the reporters on this story: Nadja Brandt in Los Angeles at rogoszynski@bloomberg.net; Chad Thomas in Berlin at cthomas16@bloomberg.net.

Last Updated: May 19, 2005 07:43 EDT