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Germany stocks lower at close of trade; DAX down 0.40%

Published 07/17/2024, 12:05 PM
Updated 07/17/2024, 12:06 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.40%
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Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Construction, Software and Industrials sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.40%, while the MDAX index fell 0.05%, and the TecDAX index fell 0.62%.

The best performers of the session on the DAX were BASF SE NA O.N. (ETR:BASFN), which rose 2.96% or 1.29 points to trade at 45.11 at the close. Meanwhile, Bayer AG NA (ETR:BAYGN) added 2.40% or 0.63 points to end at 26.68 and Adidas AG (ETR:ADSGN) was up 2.10% or 4.80 points to 233.50 in late trade.

The worst performers of the session were Rheinmetall AG (ETR:RHMG), which fell 5.78% or 29.70 points to trade at 483.70 at the close. Siemens Energy AG (ETR:ENR1n) declined 4.36% or 1.16 points to end at 25.44 and SAP SE (ETR:SAPG) was down 2.12% or 3.96 points to 183.26.

The top performers on the MDAX were Lanxess AG (ETR:LXSG) which rose 16.33% to 26.00, HelloFresh SE (ETR:HFGG) which was up 7.37% to settle at 6.32 and Tui AG NA (ETR:TUI1n) which gained 3.32% to close at 7.15.

The worst performers were Hensoldt Ag (ETR:HAGG) which was down 4.69% to 33.70 in late trade, Siltronic AG (ETR:WAFGn) which lost 4.35% to settle at 72.60 and Nordex SE O.N. (ETR:NDXG) which was down 2.82% to 12.74 at the close.

The top performers on the TecDAX were Deutsche Telekom AG Na (ETR:DTEGn) which rose 0.97% to 24.04, Freenet AG NA (ETR:FNTGn) which was up 0.87% to settle at 25.44 and Sartorius AG VZO O.N. (ETR:SATG_p) which gained 0.62% to close at 243.60.

The worst performers were Suess Microtec NA O.N. (ETR:SMHNn) which was down 7.52% to 59.00 in late trade, Eckert & Ziegler AG O.N. (ETR:EUZG) which lost 7.21% to settle at 46.08 and Hensoldt Ag (ETR:HAGG) which was down 4.69% to 33.70 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 307 to 293 and 43 ended unchanged.

Shares in Adidas AG (ETR:ADSGN) rose to 52-week highs; rising 2.10% or 4.80 to 233.50. Shares in Deutsche Telekom AG Na (ETR:DTEGn) rose to all time highs; gaining 0.97% or 0.23 to 24.04.

The DAX volatility index, which measures the implied volatility of DAX options, was up 1.48% to 13.15.

Gold Futures for August delivery was down 0.03% or 0.80 to $2,467.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 2.04% or 1.63 to hit $81.34 a barrel, while the September Brent oil contract rose 1.55% or 1.30 to trade at $85.03 a barrel.

EUR/USD was unchanged 0.29% to 1.09, while EUR/GBP unchanged 0.04% to 0.84.

The US Dollar Index Futures was down 0.41% at 103.54.

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