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Germany stocks lower at close of trade; DAX down 1.06%

Published 10/03/2023, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.06%

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

At the close in Frankfurt, the DAX lost 1.06% to hit a new 6-months low, while the MDAX index declined 1.85%, and the TecDAX index lost 1.04%.

The best performers of the session on the DAX were Henkel & Co KGaA AG Pref (ETR:HNKG_p), which rose 1.09% or 0.74 points to trade at 68.32 at the close. Meanwhile, Hannover Rueck SE (ETR:HNRGn) added 0.10% or 0.20 points to end at 205.90 and Dr Ing hc F Porsche AG Preferred (ETR:P911_p) was up 0.07% or 0.06 points to 89.62 in late trade.

The worst performers of the session were Zalando SE (ETR:ZALG), which fell 5.32% or 1.15 points to trade at 20.46 at the close. RWE AG ST O.N. (ETR:RWEG) declined 3.85% or 1.31 points to end at 32.73 and Siemens Energy AG (ETR:ENR1n) was down 3.30% or 0.40 points to 11.73.

The top performers on the MDAX were Nemetschek AG O.N. (ETR:NEKG) which rose 2.28% to 60.10, Fresenius Medical Care KGAA ST (ETR:FMEG) which was up 0.32% to settle at 40.67 and Hella KGaA Hueck & Co (ETR:HLE) which gained 0.15% to close at 68.80.

The worst performers were Encavis AG (ETR:ECVG) which was down 8.12% to 11.82 in late trade, Nordex SE O.N. (ETR:NDXG) which lost 6.16% to settle at 10.59 and SMA Solar Technology AG (ETR:S92G) which was down 5.59% to 54.90 at the close.

The top performers on the TecDAX were Nemetschek AG O.N. (ETR:NEKG) which rose 2.28% to 60.10, Atoss Software AG (ETR:AOFG) which was up 1.02% to settle at 199.00 and Sartorius AG VZO O.N. (ETR:SATG_p) which lost 0.16% to close at 313.10.

The worst performers were Morphosys AG O.N. (ETR:MORG) which was down 6.22% to 23.36 in late trade, Nordex SE O.N. (ETR:NDXG) which lost 6.16% to settle at 10.59 and SMA Solar Technology AG (ETR:S92G) which was down 5.59% to 54.90 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 497 to 127 and 103 ended unchanged.

Shares in RWE AG ST O.N. (ETR:RWEG) fell to 52-week lows; falling 3.85% or 1.31 to 32.73. Shares in Encavis AG (ETR:ECVG) fell to 3-years lows; down 8.12% or 1.04 to 11.82.

The DAX volatility index, which measures the implied volatility of DAX options, was up 6.02% to 19.03 a new 1-month high.

Gold Futures for December delivery was down 0.40% or 7.45 to $1,839.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.72% or 0.64 to hit $89.46 a barrel, while the December Brent oil contract rose 0.41% or 0.37 to trade at $91.08 a barrel.

EUR/USD was unchanged 0.09% to 1.05, while EUR/GBP unchanged 0.05% to 0.87.

The US Dollar Index Futures was up 0.18% at 106.80.

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