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Germany stocks lower at close of trade; DAX down 0.17%

Published 12/13/2024, 12:05 PM
Updated 12/13/2024, 12:06 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.17%
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Investing.com – Germany stocks were lower after the close on Friday, as losses in the Construction, Utilities and Retail sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.17% to hit a new all time high, while the MDAX index declined 1.00%, and the TecDAX index lost 0.73%.

The best performers of the session on the DAX were Munich Reinsurance (ETR:MUVGn), which rose 5.57% or 27.30 points to trade at 517.40 at the close. Meanwhile, Hannover Rueck SE (ETR:HNRGn) added 1.51% or 3.80 points to end at 255.60 and Volkswagen AG VZO O.N. (ETR:VOWG_p) was up 1.36% or 1.18 points to 88.02 in late trade.

The worst performers of the session were Vonovia SE (ETR:VNAn), which fell 2.48% or 0.79 points to trade at 31.04 at the close. RWE AG ST O.N. (ETR:RWEG) declined 2.07% or 0.62 points to end at 29.28 and Bayer AG NA (ETR:BAYGN) was down 2.06% or 0.42 points to 19.76.

The top performers on the MDAX were HelloFresh SE (ETR:HFGG) which rose 1.57% to 12.66, RTL Group SA (ETR:RRTL) which was up 1.30% to settle at 27.35 and Stroeer SE (ETR:SAXG) which gained 0.96% to close at 48.58.

The worst performers were TeamViewer AG (ETR:TMV) which was down 9.52% to 10.08 in late trade, Redcare Pharmacy NV (ETR:RDC) which lost 6.06% to settle at 150.30 and Befesa SA (ETR:BFSA) which was down 3.99% to 21.66 at the close.

The top performers on the TecDAX were Atoss Software AG (ETR:AOFG) which rose 0.84% to 119.40, PNE Wind AG (ETR:PNEGn) which was up 0.72% to settle at 11.26 and Cancom SE O.N. (ETR:COKG) which gained 0.67% to close at 24.10.

The worst performers were TeamViewer AG (ETR:TMV) which was down 9.52% to 10.08 in late trade, Evotec AG O.N. (ETR:EVTG) which lost 4.89% to settle at 8.27 and Carl Zeiss Meditec AG (ETR:AFXG) which was down 3.24% to 49.30 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 407 to 219 and 33 ended unchanged.

Shares in Munich Reinsurance (ETR:MUVGn) rose to all time highs; gaining 5.57% or 27.30 to 517.40. Shares in TeamViewer AG (ETR:TMV) fell to 52-week lows; falling 9.52% or 1.06 to 10.08. Shares in TeamViewer AG (ETR:TMV) fell to 52-week lows; losing 9.52% or 1.06 to 10.08. Shares in Carl Zeiss Meditec AG (ETR:AFXG) fell to 5-year lows; losing 3.24% or 1.65 to 49.30.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.02% to 12.75 a new 3-months low.

Gold Futures for February delivery was down 1.11% or 29.99 to $2,679.41 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.60% or 1.12 to hit $71.14 a barrel, while the February Brent oil contract rose 1.29% or 0.95 to trade at $74.36 a barrel.

EUR/USD was unchanged 0.24% to 1.05, while EUR/GBP rose 0.64% to 0.83.

The US Dollar Index Futures was up 0.07% at 106.72.

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