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Germany stocks lower at close of trade; DAX down 1.80%

Published 05/24/2022, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.80%
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Investing.com – Germany stocks were lower after the close on Tuesday, as losses in the Retail, Utilities and Technology sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.80%, while the MDAX index lost 1.90%, and the TecDAX index declined 1.06%.

The best performers of the session on the DAX were Deutsche Boerse AG (ETR:DB1Gn), which rose 1.94% or 3.15 points to trade at 165.85 at the close. Meanwhile, Deutsche Bank AG NA O.N. (ETR:DBKGn) added 0.66% or 0.07 points to end at 10.08 and Deutsche Telekom AG Na (ETR:DTEGn) was up 0.59% or 0.11 points to 18.60 in late trade.

The worst performers of the session were Zalando SE (ETR:ZALG), which fell 9.21% or 3.29 points to trade at 32.43 at the close. HelloFresh SE (ETR:HFGG) declined 9.13% or 3.15 points to end at 31.35 and Delivery Hero AG (ETR:DHER) was down 4.68% or 1.39 points to 28.30.

The top performers on the MDAX were Siemens Energy AG (ETR:ENR1n) which rose 2.62% to 17.25, Rheinmetall AG (ETR:RHMG) which was up 2.18% to settle at 192.40 and Freenet AG NA (ETR:FNTGn) which gained 1.07% to close at 23.51.

The worst performers were Tag Immobilien AG (ETR:TEGG) which was down 14.41% to 16.09 in late trade, Aroundtown Property Holdings PLC (ETR:AT1) which lost 6.50% to settle at 4.46 and Deutsche Lufthansa AG (ETR:LHAG) which was down 5.90% to 6.50 at the close.

The top performers on the TecDAX were Nordex SE O.N. (ETR:NDXG) which rose 3.33% to 12.56, Freenet AG NA (ETR:FNTGn) which was up 1.07% to settle at 23.51 and Vantage Towers AG (ETR:VTWRn) which gained 0.90% to close at 29.06.

The worst performers were Nagarro SE (ETR:NA9n) which was down 5.25% to 119.00 in late trade, Siltronic AG (ETR:WAFGn) which lost 4.32% to settle at 84.10 and Jenoptik AG (ETR:JENGn) which was down 3.86% to 24.90 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 529 to 154 and 77 ended unchanged.

Shares in HelloFresh SE (ETR:HFGG) fell to 52-week lows; down 9.13% or 3.15 to 31.35. Shares in Tag Immobilien AG (ETR:TEGG) fell to 52-week lows; falling 14.41% or 2.71 to 16.09.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.90% to 26.62.

Gold Futures for June delivery was up 0.93% or 17.20 to $1,865.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.63% or 0.70 to hit $109.59 a barrel, while the August Brent oil contract fell 0.23% or 0.25 to trade at $110.53 a barrel.

EUR/USD was unchanged 0.41% to 1.07, while EUR/GBP rose 0.86% to 0.86.

The US Dollar Index Futures was down 0.33% at 101.76.

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