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Germany stocks lower at close of trade; DAX down 1.05%

Published 12/30/2022, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.05%

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

At the close in Frankfurt, the DAX declined 1.05%, while the MDAX index fell 1.26%, and the TecDAX index lost 1.09%.

The best performers of the session on the DAX were Fresenius Medical Care KGAA ST (ETR:FMEG), which rose 0.82% or 0.25 points to trade at 30.57 at the close. Meanwhile, Volkswagen AG VZO O.N. (ETR:VOWG_p) added 0.24% or 0.28 points to end at 116.42 and Fresenius SE & Co KGAA O.N. (ETR:FREG) was down 0.11% or 0.03 points to 26.25 in late trade.

The worst performers of the session were Zalando SE (ETR:ZALG), which fell 3.30% or 1.13 points to trade at 33.11 at the close. Deutsche Telekom AG Na (ETR:DTEGn) declined 2.34% or 0.45 points to end at 18.64 and Continental AG O.N. (ETR:CONG) was down 2.00% or 1.14 points to 55.98.

The top performers on the MDAX were Hella KGaA Hueck & Co (ETR:HLE) which rose 0.86% to 76.05, Software AG (ETR:SOWGn) which was up 0.67% to settle at 24.22 and Prosiebensat 1 Media AG (ETR:PSMGn) which gained 0.60% to close at 8.35.

The worst performers were Rheinmetall AG (ETR:RHMG) which was down 3.85% to 186.05 in late trade, Fraport AG (ETR:FRAG) which lost 3.55% to settle at 38.05 and Verbio Vereinigte Bioenergie AG (ETR:VBKG) which was down 3.50% to 60.60 at the close.

The top performers on the TecDAX were Nordex SE O.N. (ETR:NDXG) which rose 2.96% to 13.20, Software AG (ETR:SOWGn) which was up 0.67% to settle at 24.22 and Nemetschek AG O.N. (ETR:NEKG) which gained 0.02% to close at 47.69.

The worst performers were Verbio Vereinigte Bioenergie AG (ETR:VBKG) which was down 3.50% to 60.60 in late trade, Aixtron SE (ETR:AIXGn) which lost 2.95% to settle at 26.97 and Siltronic AG (ETR:WAFGn) which was down 2.43% to 68.15 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 499 to 204 and 48 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.08% to 20.57.

Gold Futures for February delivery was up 0.18% or 3.25 to $1,829.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.99% or 0.78 to hit $79.18 a barrel, while the March Brent oil contract rose 1.22% or 1.02 to trade at $84.48 a barrel.

EUR/USD was unchanged 0.43% to 1.07, while EUR/GBP unchanged 0.19% to 0.89.

The US Dollar Index Futures was down 0.37% at 103.20.

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