💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Germany stocks higher at close of trade; DAX up 0.99%

Published 07/10/2024, 12:05 PM
Updated 07/10/2024, 12:06 PM
© Reuters.  Germany stocks higher at close of trade; DAX up 0.99%
EUR/USD
-
EUR/GBP
-
DE40
-
DX
-
GC
-
LCO
-
CL
-
MDAXI
-
TECDAX
-
V1XI
-

Investing.com – Germany stocks were higher after the close on Wednesday, as gains in the Retail, Financial Services and Food & Beverages sectors led shares higher.

At the close in Frankfurt, the DAX added 0.99%, while the MDAX index climbed 1.38%, and the TecDAX index climbed 1.08%.

The best performers of the session on the DAX were Vonovia SE (ETR:VNAn), which rose 4.11% or 1.12 points to trade at 28.35 at the close. Meanwhile, Dr Ing hc F Porsche AG Preferred (ETR:P911_p) added 3.66% or 2.66 points to end at 75.24 and Bayer AG NA (ETR:BAYGN) was up 3.06% or 0.78 points to 26.13 in late trade.

The worst performers of the session were Covestro AG (ETR:1COV), which fell 1.23% or 0.68 points to trade at 54.64 at the close. BASF SE NA O.N. (ETR:BASFN) declined 1.20% or 0.53 points to end at 43.67 and MTU Aero Engines NA O.N. (ETR:MTXGn) was down 1.00% or 2.50 points to 246.70.

The top performers on the MDAX were Delivery Hero AG (ETR:DHER) which rose 9.21% to 20.99, Aroundtown Property Holdings PLC (ETR:AT1) which was up 7.26% to settle at 2.14 and Hensoldt Ag (ETR:HAGG) which gained 6.08% to close at 36.96.

The worst performers were Stabilus (ETR:STM1) which was down 3.10% to 43.75 in late trade, Evonik Industries AG (ETR:EVKn) which lost 1.43% to settle at 18.95 and Hugo Boss AG NA O.N. (ETR:BOSSn) which was down 1.25% to 39.38 at the close.

The top performers on the TecDAX were Hensoldt Ag (ETR:HAGG) which rose 6.08% to 36.96, Aixtron SE (ETR:AIXGn) which was up 6.04% to settle at 21.76 and United Internet AG NA (ETR:UTDI) which gained 3.54% to close at 21.06.

The worst performers were CompuGroup Medical AG O.N. (ETR:COP1n) which was down 4.63% to 15.45 in late trade, Nagarro SE (ETR:NA9n) which lost 0.54% to settle at 74.10 and Atoss Software AG (ETR:AOFG) which was down 0.53% to 112.20 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 373 to 236 and 40 ended unchanged.

Shares in Hugo Boss AG NA O.N. (ETR:BOSSn) fell to 3-years lows; losing 1.25% or 0.50 to 39.38. Shares in CompuGroup Medical AG O.N. (ETR:COP1n) fell to 5-year lows; falling 4.63% or 0.75 to 15.45.

The DAX volatility index, which measures the implied volatility of DAX options, was up 7.48% to 13.56.

Gold Futures for August delivery was up 0.77% or 18.35 to $2,386.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.27% or 1.03 to hit $82.44 a barrel, while the September Brent oil contract rose 0.92% or 0.78 to trade at $85.44 a barrel.

EUR/USD was unchanged 0.11% to 1.08, while EUR/GBP unchanged 0.37% to 0.84.

The US Dollar Index Futures was down 0.08% at 104.72.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.