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Germany stocks lower at close of trade; DAX down 0.63%

Published 07/05/2023, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.63%

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

At the close in Frankfurt, the DAX lost 0.63%, while the MDAX index lost 1.40%, and the TecDAX index declined 0.81%.

The best performers of the session on the DAX were Continental AG O.N. (ETR:CONG), which rose 3.39% or 2.26 points to trade at 68.92 at the close. Meanwhile, Airbus Group SE (ETR:AIRG) added 1.19% or 1.56 points to end at 132.88 and Mercedes Benz Group AG (ETR:MBGn) was up 1.13% or 0.82 points to 73.57 in late trade.

The worst performers of the session were Siemens Energy AG (ETR:ENR1n), which fell 5.64% or 0.90 points to trade at 15.15 at the close. Allianz SE VNA O.N. (ETR:ALVG) declined 2.65% or 5.65 points to end at 207.55 and Adidas AG (ETR:ADSGN) was down 2.36% or 4.22 points to 174.42.

The top performers on the MDAX were Evotec AG O.N. (ETR:EVTG) which rose 2.72% to 20.79, Hella KGaA Hueck & Co (ETR:HLE) which was up 1.69% to settle at 72.40 and Duerr AG (ETR:DUEG) which gained 0.85% to close at 28.42.

The worst performers were Aixtron SE (ETR:AIXGn) which was down 6.51% to 29.03 in late trade, Delivery Hero AG (ETR:DHER) which lost 5.45% to settle at 41.56 and Encavis AG (ETR:ECVG) which was down 4.10% to 14.28 at the close.

The top performers on the TecDAX were Evotec AG O.N. (ETR:EVTG) which rose 2.72% to 20.79, Qiagen NV (ETR:QIA) which was up 1.07% to settle at 41.50 and Carl Zeiss Meditec AG (ETR:AFXG) which gained 0.71% to close at 99.90.

The worst performers were Aixtron SE (ETR:AIXGn) which was down 6.51% to 29.03 in late trade, Nemetschek AG O.N. (ETR:NEKG) which lost 3.94% to settle at 63.84 and Cancom SE O.N. (ETR:COKG) which was down 3.79% to 26.90 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 426 to 244 and 74 ended unchanged.

Shares in Airbus Group SE (ETR:AIRG) rose to 3-years highs; gaining 1.19% or 1.56 to 132.88. Shares in Encavis AG (ETR:ECVG) fell to 52-week lows; down 4.10% or 0.61 to 14.28.

The DAX volatility index, which measures the implied volatility of DAX options, was up 7.82% to 15.17.

Gold Futures for August delivery was down 0.14% or 2.65 to $1,926.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 2.87% or 2.00 to hit $71.79 a barrel, while the September Brent oil contract rose 0.41% or 0.31 to trade at $76.56 a barrel.

EUR/USD was unchanged 0.15% to 1.09, while EUR/GBP unchanged 0.13% to 0.85.

The US Dollar Index Futures was up 0.27% at 102.93.

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