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Germany stocks lower at close of trade; DAX down 1.09%

Published 04/02/2024, 12:05 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.09%

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

At the close in Frankfurt, the DAX fell 1.09%, while the MDAX index lost 0.86%, and the TecDAX index lost 1.52%.

The best performers of the session on the DAX were Siemens Energy AG (ETR:ENR1n), which rose 2.53% or 0.43 points to trade at 17.41 at the close. Meanwhile, BASF SE NA O.N. (ETR:BASFN) added 1.68% or 0.89 points to end at 53.82 and Henkel & Co KGaA AG Pref (ETR:HNKG_p) was up 1.61% or 1.20 points to 75.70 in late trade.

The worst performers of the session were Vonovia SE (ETR:VNAn), which fell 3.65% or 1.00 points to trade at 26.40 at the close. Merck KGaA (ETR:MRCG) declined 3.61% or 5.90 points to end at 157.70 and Sartorius AG VZO O.N. (ETR:SATG_p) was down 3.34% or 12.30 points to 356.30.

The top performers on the MDAX were Lanxess AG (ETR:LXSG) which rose 6.53% to 26.43, Delivery Hero AG (ETR:DHER) which was up 5.49% to settle at 27.97 and Krones AG O.N. (ETR:KRNG) which gained 3.50% to close at 127.00.

The worst performers were SMA Solar Technology AG (ETR:S92G) which was down 6.62% to 49.96 in late trade, Tag Immobilien AG (ETR:TEGG) which lost 5.09% to settle at 12.03 and Aroundtown Property Holdings PLC (ETR:AT1) which was down 4.65% to 1.86 at the close.

The top performers on the TecDAX were Energiekontor AG (ETR:EKTG) which rose 4.21% to 66.80, United Internet AG NA (ETR:UTDI) which was up 1.53% to settle at 21.18 and Kontron AG (ETR:KTN) which gained 1.17% to close at 20.68.

The worst performers were SMA Solar Technology AG (ETR:S92G) which was down 6.62% to 49.96 in late trade, Atoss Software AG (ETR:AOFG) which lost 4.56% to settle at 261.50 and Nemetschek AG O.N. (ETR:NEKG) which was down 4.49% to 87.60 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 413 to 222 and 32 ended unchanged.

Shares in BASF SE NA O.N. (ETR:BASFN) rose to 52-week highs; up 1.68% or 0.89 to 53.82. Shares in Krones AG O.N. (ETR:KRNG) rose to all time highs; up 3.50% or 4.30 to 127.00.

The DAX volatility index, which measures the implied volatility of DAX options, was up 11.83% to 14.28 a new 1-month high.

Gold Futures for June delivery was up 1.01% or 22.85 to $2,279.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.43% or 1.20 to hit $84.91 a barrel, while the June Brent oil contract rose 1.42% or 1.24 to trade at $88.66 a barrel.

EUR/USD was unchanged 0.24% to 1.08, while EUR/GBP unchanged 0.07% to 0.86.

The US Dollar Index Futures was down 0.24% at 104.51.

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