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Germany stocks lower at close of trade; DAX down 0.16%

Published 01/30/2023, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.16%

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

At the close in Frankfurt, the DAX declined 0.16%, while the MDAX index lost 0.71%, and the TecDAX index lost 0.51%.

The best performers of the session on the DAX were Beiersdorf AG O.N. (ETR:BEIG), which rose 2.24% or 2.45 points to trade at 112.00 at the close. Meanwhile, SAP SE (ETR:SAPG) added 2.19% or 2.30 points to end at 107.10 and Merck KGaA (ETR:MRCG) was up 1.65% or 3.15 points to 193.55 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (ETR:IFXGn), which fell 3.08% or 1.05 points to trade at 33.17 at the close. Continental AG O.N. (ETR:CONG) declined 2.69% or 1.78 points to end at 64.46 and Zalando SE (ETR:ZALG) was down 2.07% or 0.90 points to 42.50.

The top performers on the MDAX were ADTRAN Holdingsa Inc (ETR:QH9) which rose 2.66% to 17.35, Puma SE (ETR:PUMG) which was up 2.20% to settle at 62.20 and Hugo Boss AG NA O.N. (ETR:BOSSn) which gained 1.11% to close at 62.08.

The worst performers were Thyssenkrupp AG O.N. (ETR:TKAG) which was down 4.39% to 7.23 in late trade, Siltronic AG (ETR:WAFGn) which lost 3.85% to settle at 77.35 and HelloFresh SE (ETR:HFGG) which was down 3.59% to 22.59 at the close.

The top performers on the TecDAX were ADTRAN Holdingsa Inc (ETR:QH9) which rose 2.66% to 17.35, SAP SE (ETR:SAPG) which was up 2.19% to settle at 107.10 and Siemens Healthineers AG (ETR:SHLG) which gained 1.37% to close at 49.51.

The worst performers were Varta AG (ETR:VAR1) which was down 4.66% to 27.23 in late trade, Siltronic AG (ETR:WAFGn) which lost 3.85% to settle at 77.35 and Nagarro SE (ETR:NA9n) which was down 3.78% to 127.40 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 445 to 251 and 65 ended unchanged.

Shares in Beiersdorf AG O.N. (ETR:BEIG) rose to 3-years highs; gaining 2.24% or 2.45 to 112.00. Shares in Hugo Boss AG NA O.N. (ETR:BOSSn) rose to 3-years highs; up 1.11% or 0.68 to 62.08.

The DAX volatility index, which measures the implied volatility of DAX options, was up 7.83% to 18.59.

Gold Futures for February delivery was down 0.34% or 6.50 to $1,922.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 1.56% or 1.24 to hit $78.44 a barrel, while the April Brent oil contract fell 1.59% or 1.37 to trade at $85.03 a barrel.

EUR/USD was unchanged 0.14% to 1.09, while EUR/GBP unchanged 0.21% to 0.88.

The US Dollar Index Futures was up 0.28% at 102.00.

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