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Germany stocks lower at close of trade; DAX down 0.03%

Published 02/20/2023, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.03%

Investing.com – Germany stocks were lower after the close on Monday, as losses in the Construction, Technology and Industrials sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.03%, while the MDAX index lost 0.19%, and the TecDAX index lost 0.06%.

The best performers of the session on the DAX were BASF SE NA O.N. (ETR:BASFN), which rose 1.67% or 0.87 points to trade at 53.11 at the close. Meanwhile, Covestro AG (ETR:1COV) added 1.14% or 0.48 points to end at 42.52 and Volkswagen AG VZO O.N. (ETR:VOWG_p) was up 1.13% or 1.48 points to 132.70 in late trade.

The worst performers of the session were Airbus Group SE (ETR:AIRG), which fell 2.24% or 2.82 points to trade at 122.92 at the close. Deutsche Bank AG NA O.N. (ETR:DBKGn) declined 2.09% or 0.25 points to end at 11.63 and MTU Aero Engines NA O.N. (ETR:MTXGn) was down 1.92% or 4.50 points to 229.50.

The top performers on the MDAX were Gerresheimer AG (ETR:GXIG) which rose 2.72% to 77.45, Evotec AG O.N. (ETR:EVTG) which was up 2.49% to settle at 18.92 and Evonik Industries AG (ETR:EVKn) which gained 1.95% to close at 20.40.

The worst performers were ADTRAN Holdingsa Inc (ETR:QH9) which was down 3.73% to 15.50 in late trade, Commerzbank AG O.N. (ETR:CBKG) which lost 3.51% to settle at 10.98 and Deutsche Lufthansa AG (ETR:LHAG) which was down 1.98% to 9.54 at the close.

The top performers on the TecDAX were Evotec AG O.N. (ETR:EVTG) which rose 2.49% to 18.92, Morphosys AG O.N. (ETR:MORG) which was up 1.74% to settle at 18.40 and Nemetschek AG O.N. (ETR:NEKG) which gained 1.38% to close at 51.36.

The worst performers were SMA Solar Technology AG (ETR:S92G) which was down 4.05% to 75.80 in late trade, ADTRAN Holdingsa Inc (ETR:QH9) which lost 3.73% to settle at 15.50 and Nagarro SE (ETR:NA9n) which was down 2.05% to 124.40 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 374 to 304 and 79 ended unchanged.

Shares in Gerresheimer AG (ETR:GXIG) rose to 52-week highs; gaining 2.72% or 2.05 to 77.45. Shares in ADTRAN Holdingsa Inc (ETR:QH9) fell to all time lows; losing 3.73% or 0.60 to 15.50. Shares in ADTRAN Holdingsa Inc (ETR:QH9) fell to all time lows; falling 3.73% or 0.60 to 15.50.

The DAX volatility index, which measures the implied volatility of DAX options, was up 1.38% to 19.10.

Gold Futures for April delivery was up 0.01% or 0.10 to $1,850.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.14% or 0.87 to hit $77.42 a barrel, while the April Brent oil contract rose 1.27% or 1.05 to trade at $84.05 a barrel.

EUR/USD was unchanged 0.07% to 1.07, while EUR/GBP unchanged 0.07% to 0.89.

The US Dollar Index Futures was up 0.01% at 103.78.

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