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

Published 09/18/2023, 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 Monday, as losses in the Technology, Construction and Chemicals sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.05%, while the MDAX index declined 1.47%, and the TecDAX index declined 1.77%.

The best performers of the session on the DAX were Rheinmetall AG (ETR:RHMG), which rose 1.73% or 4.50 points to trade at 265.00 at the close. Meanwhile, Fresenius SE & Co KGAA O.N. (ETR:FREG) added 0.97% or 0.29 points to end at 30.12 and Daimler Truck Holding AG (ETR:DTGGe) was up 0.81% or 0.27 points to 33.67 in late trade.

The worst performers of the session were MTU Aero Engines NA O.N. (ETR:MTXGn), which fell 3.53% or 6.15 points to trade at 167.85 at the close. Sartorius AG VZO O.N. (ETR:SATG_p) declined 3.19% or 11.10 points to end at 337.40 and Infineon Technologies AG NA O.N. (ETR:IFXGn) was down 2.92% or 0.94 points to 31.40.

The top performers on the MDAX were Redcare Pharmacy NV (ETR:RDC) which rose 2.08% to 99.98, Fuchs Petrolub AG VZO Pref (ETR:FPE3_p) which was up 0.98% to settle at 37.12 and Fresenius Medical Care KGAA ST (ETR:FMEG) which gained 0.36% to close at 42.14.

The worst performers were Prosiebensat 1 Media AG (ETR:PSMGn) which was down 4.89% to 6.61 in late trade, Evotec AG O.N. (ETR:EVTG) which lost 4.85% to settle at 21.58 and SMA Solar Technology AG (ETR:S92G) which was down 4.51% to 63.55 at the close.

The top performers on the TecDAX were ADTRAN Holdingsa Inc (ETR:QH9) which rose 1.09% to 7.64, Nagarro SE (ETR:NA9n) which was up 0.89% to settle at 67.80 and PNE Wind AG (ETR:PNEGn) which gained 0.62% to close at 13.02.

The worst performers were Morphosys AG O.N. (ETR:MORG) which was down 5.43% to 29.11 in late trade, Evotec AG O.N. (ETR:EVTG) which lost 4.85% to settle at 21.58 and SMA Solar Technology AG (ETR:S92G) which was down 4.51% to 63.55 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 501 to 154 and 82 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 11.46% to 15.17.

Gold Futures for December delivery was up 0.39% or 7.55 to $1,953.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.20% or 0.18 to hit $90.20 a barrel, while the November Brent oil contract rose 0.11% or 0.10 to trade at $94.03 a barrel.

EUR/USD was unchanged 0.39% to 1.07, while EUR/GBP unchanged 0.23% to 0.86.

The US Dollar Index Futures was down 0.28% at 104.69.

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