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

Published 05/29/2024, 12:05 PM
Updated 05/29/2024, 12:09 PM
© Reuters Germany stocks lower at close of trade; DAX down 1.09%

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

At the close in Frankfurt, the DAX declined 1.09%, while the MDAX index fell 2.05%, and the TecDAX index fell 1.42%.

The best performers of the session on the DAX were Adidas AG (ETR:ADSGN), which rose 2.16% or 4.80 points to trade at 227.10 at the close. Meanwhile, Merck KGaA (ETR:MRCG) added 0.51% or 0.85 points to end at 168.50 and Hannover Rueck SE (ETR:HNRGn) was up 0.45% or 1.00 points to 224.00 in late trade.

The worst performers of the session were Siemens Energy AG (ETR:ENR1n), which fell 4.02% or 1.08 points to trade at 25.78 at the close. Infineon Technologies AG NA O.N. (ETR:IFXGn) declined 3.19% or 1.22 points to end at 37.06 and Bayer AG NA (ETR:BAYGN) was down 3.15% or 0.88 points to 26.93.

The top performers on the MDAX were Freenet AG NA (ETR:FNTGn) which rose 0.95% to 23.40, Morphosys AG O.N. (ETR:MORG) which was up 0.44% to settle at 68.15 and Talanx AG NA O.N. (ETR:TLXGn) which gained 0.21% to close at 72.85.

The worst performers were Delivery Hero AG (ETR:DHER) which was down 6.37% to 27.65 in late trade, Aroundtown Property Holdings PLC (ETR:AT1) which lost 6.19% to settle at 2.06 and Evotec AG O.N. (ETR:EVTG) which was down 5.98% to 8.49 at the close.

The top performers on the TecDAX were Freenet AG NA (ETR:FNTGn) which rose 0.95% to 23.40, Morphosys AG O.N. (ETR:MORG) which was up 0.44% to settle at 68.15 and Kontron AG (ETR:KTN) which lost 0.09% to close at 21.22.

The worst performers were Evotec AG O.N. (ETR:EVTG) which was down 5.98% to 8.49 in late trade, SMA Solar Technology AG (ETR:S92G) which lost 5.57% to settle at 50.00 and Infineon Technologies AG NA O.N. (ETR:IFXGn) which was down 3.19% to 37.06 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 452 to 155 and 34 ended unchanged.

Shares in Evotec AG O.N. (ETR:EVTG) fell to 5-year lows; losing 5.98% or 0.54 to 8.49. Shares in Evotec AG O.N. (ETR:EVTG) fell to 5-year lows; losing 5.98% or 0.54 to 8.49.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.35% to 13.00.

Gold Futures for June delivery was down 0.73% or 17.10 to $2,339.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.69% or 0.55 to hit $79.28 a barrel, while the August Brent oil contract fell 0.64% or 0.54 to trade at $83.40 a barrel.

EUR/USD was unchanged 0.42% to 1.08, while EUR/GBP unchanged 0.02% to 0.85.

The US Dollar Index Futures was up 0.45% at 105.00.

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