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Germany stocks lower at close of trade; DAX down 0.45%

Published 07/25/2024, 12:05 PM
Updated 07/25/2024, 12:06 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.45%
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Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Technology, Construction and Media sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.45%, while the MDAX index lost 0.33%, and the TecDAX index fell 0.47%.

The best performers of the session on the DAX were Bayer AG NA (ETR:BAYGN), which rose 2.06% or 0.56 points to trade at 27.53 at the close. Meanwhile, Qiagen NV (ETR:QIA) added 1.27% or 0.49 points to end at 39.17 and Fresenius SE & Co KGAA O.N. (ETR:FREG) was up 1.27% or 0.40 points to 31.86 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (ETR:IFXGn), which fell 6.47% or 2.11 points to trade at 30.48 at the close. Rheinmetall AG (ETR:RHMG) declined 4.96% or 24.60 points to end at 471.40 and Siemens Energy AG (ETR:ENR1n) was down 3.30% or 0.85 points to 24.87.

The top performers on the MDAX were Siltronic AG (ETR:WAFGn) which rose 7.48% to 76.15, Thyssenkrupp AG O.N. (ETR:TKAG) which was up 2.54% to settle at 3.87 and Deutsche Lufthansa AG (ETR:LHAG) which gained 2.39% to close at 5.83.

The worst performers were Befesa SA (ETR:BFSA) which was down 9.21% to 28.20 in late trade, Fuchs Petrolub AG VZO Pref (ETR:FPE3_p) which lost 5.50% to settle at 37.10 and HelloFresh SE (ETR:HFGG) which was down 3.83% to 5.67 at the close.

The top performers on the TecDAX were Siltronic AG (ETR:WAFGn) which rose 7.48% to 76.15, Bechtle AG (ETR:BC8G) which was up 2.13% to settle at 40.30 and Cancom SE O.N. (ETR:COKG) which gained 1.52% to close at 32.08.

The worst performers were Infineon Technologies AG NA O.N. (ETR:IFXGn) which was down 6.47% to 30.48 in late trade, Elmos Semiconductor AG (ETR:ELGG) which lost 5.65% to settle at 71.80 and Suess Microtec NA O.N. (ETR:SMHNn) which was down 4.91% to 60.00 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 369 to 245 and 31 ended unchanged.

Shares in Fresenius SE & Co KGAA O.N. (ETR:FREG) rose to 52-week highs; rising 1.27% or 0.40 to 31.86.

The DAX volatility index, which measures the implied volatility of DAX options, was down 6.65% to 13.79.

Gold Futures for August delivery was down 2.39% or 57.80 to $2,357.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.68% or 0.53 to hit $78.12 a barrel, while the September Brent oil contract rose 0.28% or 0.23 to trade at $81.94 a barrel.

EUR/USD was unchanged 0.20% to 1.09, while EUR/GBP unchanged 0.37% to 0.84.

The US Dollar Index Futures was down 0.11% at 104.00.

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