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Germany stocks lower at close of trade; DAX down 0.38%

Published 09/16/2024, 12:05 PM
Updated 09/16/2024, 12:06 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.38%
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Investing.com – Germany stocks were lower after the close on Monday, as losses in the Construction, Technology and Pharmaceuticals & Healthcare sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.38%, while the MDAX index lost 0.49%, and the TecDAX index declined 0.77%.

The best performers of the session on the DAX were Zalando SE (ETR:ZALG), which rose 1.91% or 0.45 points to trade at 24.00 at the close. Meanwhile, E.ON SE (ETR:EONGn) added 0.85% or 0.12 points to end at 13.65 and Heidelberg Materials AG (ETR:HEIG) was up 0.73% or 0.68 points to 93.76 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (ETR:IFXGn), which fell 2.60% or 0.77 points to trade at 29.05 at the close. Sartorius AG VZO O.N. (ETR:SATG_p) declined 2.60% or 6.40 points to end at 240.00 and Brenntag AG (ETR:BNRGn) was down 1.88% or 1.22 points to 63.66.

The top performers on the MDAX were RTL Group SA (ETR:RRTL) which rose 2.89% to 30.30, K+S AG (ETR:SDFGn) which was up 2.18% to settle at 10.79 and HelloFresh SE (ETR:HFGG) which gained 2.09% to close at 8.20.

The worst performers were Redcare Pharmacy NV (ETR:RDC) which was down 3.69% to 117.60 in late trade, Aixtron SE (ETR:AIXGn) which lost 3.39% to settle at 15.66 and Siltronic AG (ETR:WAFGn) which was down 2.94% to 66.00 at the close.

The top performers on the TecDAX were Atoss Software AG (ETR:AOFG) which rose 2.88% to 121.60, Carl Zeiss Meditec AG (ETR:AFXG) which was up 2.06% to settle at 57.00 and Freenet AG NA (ETR:FNTGn) which gained 0.90% to close at 26.76.

The worst performers were SMA Solar Technology AG (ETR:S92G) which was down 4.74% to 17.89 in late trade, CompuGroup Medical AG O.N. (ETR:COP1n) which lost 4.26% to settle at 13.49 and Elmos Semiconductor AG (ETR:ELGG) which was down 3.90% to 64.00 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 378 to 248 and 28 ended unchanged.

Shares in E.ON SE (ETR:EONGn) rose to 5-year highs; gaining 0.85% or 0.12 to 13.65. Shares in Siltronic AG (ETR:WAFGn) fell to 52-week lows; down 2.94% or 2.00 to 66.00. Shares in CompuGroup Medical AG O.N. (ETR:COP1n) fell to 5-year lows; falling 4.26% or 0.60 to 13.49.

The DAX volatility index, which measures the implied volatility of DAX options, was down 9.15% to 14.63.

Gold Futures for December delivery was down 0.10% or 2.60 to $2,608.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.46% or 0.99 to hit $68.74 a barrel, while the November Brent oil contract rose 1.24% or 0.89 to trade at $72.50 a barrel.

EUR/USD was unchanged 0.43% to 1.11, while EUR/GBP unchanged 0.20% to 0.84.

The US Dollar Index Futures was down 0.36% at 100.42.

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