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Germany stocks lower at close of trade; DAX down 1.57%

Published 02/03/2022, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.57%
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Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Retail, Technology and Software sectors led shares lower.

At the close in Frankfurt, the DAX fell 1.57%, while the MDAX index fell 1.16%, and the TecDAX index fell 1.97%.

The best performers of the session on the DAX were Deutsche Bank AG NA O.N. (DE:DBKGn), which rose 4.91% or 0.620 points to trade at 13.260 at the close. Meanwhile, Deutsche Telekom AG Na (DE:DTEGn) added 2.57% or 0.434 points to end at 17.310 and Heidelbergcement AG O.N. (DE:HEIG) was up 1.31% or 0.840 points to 64.780 in late trade.

The worst performers of the session were HelloFresh SE (DE:HFGG), which fell 9.53% or 5.62 points to trade at 53.38 at the close. Delivery Hero AG (DE:DHER) declined 5.56% or 3.84 points to end at 65.24 and Infineon Technologies AG NA O.N. (DE:IFXGn) was down 4.92% or 1.800 points to 34.800.

The top performers on the MDAX were Commerzbank AG O.N. (DE:CBKG) which rose 5.18% to 8.515, K&S AG (DE:SDFGn) which was up 4.11% to settle at 18.225 and Freenet AG NA (DE:FNTGn) which gained 1.39% to close at 24.780.

The worst performers were AUTO1 Group SE (DE:AG1G) which was down 7.40% to 14.84 in late trade, Aixtron SE (DE:AIXGn) which lost 5.33% to settle at 17.235 and Hannover Rueck SE (DE:HNRGn) which was down 4.78% to 172.30 at the close.

The top performers on the TecDAX were Deutsche Telekom AG Na (DE:DTEGn) which rose 2.57% to 17.310, Freenet AG NA (DE:FNTGn) which was up 1.39% to settle at 24.780 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 0.97% to close at 2.593.

The worst performers were Aixtron SE (DE:AIXGn) which was down 5.33% to 17.235 in late trade, Eckert & Ziegler AG O.N. (DE:EUZG) which lost 5.10% to settle at 74.500 and Infineon Technologies AG NA O.N. (DE:IFXGn) which was down 4.92% to 34.800 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 509 to 191 and 71 ended unchanged.

Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) rose to 3-years highs; gaining 4.91% or 0.620 to 13.260. Shares in Commerzbank AG O.N. (DE:CBKG) rose to 3-years highs; gaining 5.18% or 0.419 to 8.515. Shares in Freenet AG NA (DE:FNTGn) rose to 3-years highs; up 1.39% or 0.340 to 24.780. Shares in Freenet AG NA (DE:FNTGn) rose to 3-years highs; up 1.39% or 0.340 to 24.780.

The DAX volatility index, which measures the implied volatility of DAX options, was up 5.32% to 23.17.

Gold Futures for April delivery was down 0.30% or 5.40 to $1804.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.53% or 0.47 to hit $88.73 a barrel, while the April Brent oil contract rose 0.49% or 0.44 to trade at $89.91 a barrel.

EUR/USD was up 1.15% to 1.1433, while EUR/GBP rose 1.00% to 0.8404.

The US Dollar Index Futures was down 0.60% at 95.355.

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