Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Germany stocks lower at close of trade; DAX down 0.26%

Published 12/14/2022, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.26%

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

At the close in Frankfurt, the DAX lost 0.26%, while the MDAX index lost 0.55%, and the TecDAX index lost 0.51%.

The best performers of the session on the DAX were Merck KGaA (ETR:MRCG), which rose 1.82% or 3.40 points to trade at 190.00 at the close. Meanwhile, Beiersdorf AG O.N. (ETR:BEIG) added 1.78% or 1.90 points to end at 108.50 and E.ON SE (ETR:EONGn) was up 1.48% or 0.14 points to 9.30 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (ETR:IFXGn), which fell 2.36% or 0.77 points to trade at 31.80 at the close. Deutsche Bank AG NA O.N. (ETR:DBKGn) declined 1.58% or 0.16 points to end at 10.09 and Siemens AG Class N (ETR:SIEGn) was down 1.36% or 1.84 points to 133.02.

The top performers on the MDAX were LEG Immobilien AG (ETR:LEGn) which rose 2.16% to 67.20, Tag Immobilien AG (ETR:TEGG) which was up 2.04% to settle at 6.25 and Carl Zeiss Meditec AG (ETR:AFXG) which gained 1.68% to close at 126.90.

The worst performers were HelloFresh SE (ETR:HFGG) which was down 5.16% to 23.17 in late trade, Rational AG (ETR:RAAG) which lost 2.82% to settle at 603.00 and Thyssenkrupp AG O.N. (ETR:TKAG) which was down 2.60% to 5.84 at the close.

The top performers on the TecDAX were Hensoldt Ag (ETR:HAGG) which rose 2.35% to 21.80, SMA Solar Technology AG (ETR:S92G) which was up 1.96% to settle at 67.55 and Carl Zeiss Meditec AG (ETR:AFXG) which gained 1.68% to close at 126.90.

The worst performers were Suse SA (ETR:SUSEG) which was down 2.85% to 17.40 in late trade, Verbio Vereinigte Bioenergie AG (ETR:VBKG) which lost 2.75% to settle at 65.35 and Bechtle AG (ETR:BC8G) which was down 2.59% to 36.13 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 414 to 260 and 86 ended unchanged.

Shares in Beiersdorf AG O.N. (ETR:BEIG) rose to 3-years highs; gaining 1.78% or 1.90 to 108.50.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.11% to 20.49.

Gold Futures for February delivery was down 0.33% or 6.05 to $1,819.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 2.80% or 2.11 to hit $77.50 a barrel, while the February Brent oil contract rose 2.69% or 2.17 to trade at $82.85 a barrel.

EUR/USD was unchanged 0.31% to 1.07, while EUR/GBP unchanged 0.24% to 0.86.

The US Dollar Index Futures was down 0.26% at 103.29.

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.