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Germany stocks lower at close of trade; DAX down 0.39%

Published 10/12/2022, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.39%

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

At the close in Frankfurt, the DAX lost 0.39%, while the MDAX index fell 1.34%, and the TecDAX index declined 0.99%.

The best performers of the session on the DAX were BASF SE NA O.N. (ETR:BASFN), which rose 1.62% or 0.67 points to trade at 42.13 at the close. Meanwhile, Bayer AG NA (ETR:BAYGN) added 1.61% or 0.78 points to end at 49.20 and Covestro AG (ETR:1COV) was up 1.56% or 0.50 points to 32.60 in late trade.

The worst performers of the session were Vonovia SE (ETR:VNAn), which fell 5.51% or 1.12 points to trade at 19.20 at the close. Siemens Healthineers AG (ETR:SHLG) declined 4.76% or 2.14 points to end at 42.82 and Brenntag AG (ETR:BNRGn) was down 3.03% or 1.74 points to 55.70.

The top performers on the MDAX were Gerresheimer AG (ETR:GXIG) which rose 2.69% to 55.45, Lanxess AG (ETR:LXSG) which was up 1.69% to settle at 33.11 and Aixtron SE (ETR:AIXGn) which gained 1.42% to close at 24.98.

The worst performers were Tag Immobilien AG (ETR:TEGG) which was down 13.13% to 5.99 in late trade, LEG Immobilien AG (ETR:LEGn) which lost 6.27% to settle at 54.16 and K&S AG (ETR:SDFGn) which was down 5.76% to 19.88 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (ETR:MORG) which rose 4.20% to 19.70, Verbio Vereinigte Bioenergie AG (ETR:VBKG) which was up 2.95% to settle at 64.55 and Nagarro SE (ETR:NA9n) which gained 2.14% to close at 95.30.

The worst performers were Siemens Healthineers AG (ETR:SHLG) which was down 4.76% to 42.82 in late trade, Nemetschek AG O.N. (ETR:NEKG) which lost 4.57% to settle at 45.08 and Hensoldt Ag (ETR:HAGG) which was down 3.28% to 22.10 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 422 to 242 and 90 ended unchanged.

Shares in Vonovia SE (ETR:VNAn) fell to 5-year lows; down 5.51% or 1.12 to 19.20. Shares in Brenntag AG (ETR:BNRGn) fell to 52-week lows; losing 3.03% or 1.74 to 55.70. Shares in Tag Immobilien AG (ETR:TEGG) fell to 5-year lows; falling 13.13% or 0.90 to 5.99. Shares in LEG Immobilien AG (ETR:LEGn) fell to 5-year lows; down 6.27% or 3.62 to 54.16. Shares in Nemetschek AG O.N. (ETR:NEKG) fell to 52-week lows; losing 4.57% or 2.16 to 45.08.

The DAX volatility index, which measures the implied volatility of DAX options, was up 0.22% to 31.42.

Gold Futures for December delivery was down 0.50% or 8.35 to $1,677.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 2.45% or 2.19 to hit $87.16 a barrel, while the December Brent oil contract fell 2.07% or 1.95 to trade at $92.34 a barrel.

EUR/USD was unchanged 0.19% to 0.97, while EUR/GBP fell 1.10% to 0.87.

The US Dollar Index Futures was up 0.15% at 113.30.

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