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Germany stocks lower at close of trade; DAX down 0.35%

Published 07/16/2024, 12:05 PM
Updated 07/16/2024, 12:06 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.35%
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Investing.com – Germany stocks were lower after the close on Tuesday, as losses in the Construction, Consumer & Cyclical and Insurance sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.35%, while the MDAX index declined 0.49%, and the TecDAX index fell 0.19%.

The best performers of the session on the DAX were Commerzbank AG O.N. (ETR:CBKG), which rose 3.33% or 0.48 points to trade at 14.90 at the close. Meanwhile, Fresenius SE & Co KGAA O.N. (ETR:FREG) added 2.57% or 0.74 points to end at 29.56 and Heidelbergcement AG O.N. (ETR:HEIG) was up 1.63% or 1.65 points to 102.80 in late trade.

The worst performers of the session were Dr Ing hc F Porsche AG Preferred (ETR:P911_p), which fell 4.70% or 3.54 points to trade at 71.76 at the close. Hannover Rueck SE (ETR:HNRGn) declined 2.34% or 5.60 points to end at 233.80 and Munich Reinsurance (ETR:MUVGn) was down 1.79% or 8.30 points to 456.40.

The top performers on the MDAX were Aixtron SE (ETR:AIXGn) which rose 3.16% to 21.89, Evonik Industries AG (ETR:EVKn) which was up 2.36% to settle at 19.07 and Gerresheimer AG (ETR:GXIG) which gained 2.09% to close at 102.80.

The worst performers were Hugo Boss AG NA O.N. (ETR:BOSSn) which was down 7.48% to 37.35 in late trade, Carl Zeiss Meditec AG (ETR:AFXG) which lost 3.26% to settle at 62.30 and Evotec AG O.N. (ETR:EVTG) which was down 2.48% to 8.65 at the close.

The top performers on the TecDAX were Eckert & Ziegler AG O.N. (ETR:EUZG) which rose 11.65% to 49.66, Aixtron SE (ETR:AIXGn) which was up 3.16% to settle at 21.89 and Elmos Semiconductor AG (ETR:ELGG) which gained 2.90% to close at 81.60.

The worst performers were Carl Zeiss Meditec AG (ETR:AFXG) which was down 3.26% to 62.30 in late trade, SMA Solar Technology AG (ETR:S92G) which lost 2.65% to settle at 26.46 and Evotec AG O.N. (ETR:EVTG) which was down 2.48% to 8.65 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 356 to 268 and 35 ended unchanged.

Shares in Hugo Boss AG NA O.N. (ETR:BOSSn) fell to 3-years lows; falling 7.48% or 3.02 to 37.35. Shares in Carl Zeiss Meditec AG (ETR:AFXG) fell to 5-year lows; down 3.26% or 2.10 to 62.30. Shares in Eckert & Ziegler AG O.N. (ETR:EUZG) rose to 52-week highs; up 11.65% or 5.18 to 49.66. Shares in Carl Zeiss Meditec AG (ETR:AFXG) fell to 5-year lows; falling 3.26% or 2.10 to 62.30.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.99% to 12.96.

Gold Futures for August delivery was up 1.49% or 36.15 to $2,465.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.13% or 0.91 to hit $79.93 a barrel, while the September Brent oil contract fell 1.04% or 0.88 to trade at $83.97 a barrel.

EUR/USD was unchanged 0.08% to 1.09, while EUR/GBP unchanged 0.01% to 0.84.

The US Dollar Index Futures was up 0.19% at 104.07.

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