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Germany stocks mixed at close of trade; DAX up 0.07%

Published 07/08/2024, 12:05 PM
Updated 07/08/2024, 12:06 PM
© Reuters.  Germany stocks mixed at close of trade; DAX up 0.07%
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Investing.com – Germany stocks were mixed after the close on Monday, as gains in the Insurance, Food & Beverages and Transportation & Logistics sectors led shares higher while losses in the Construction, Retail and Utilities sectors led shares lower.

At the close in Frankfurt, the DAX added 0.07%, while the MDAX index fell 0.70%, and the TecDAX index lost 0.40%.

The best performers of the session on the DAX were Munich Reinsurance (ETR:MUVGn), which rose 3.03% or 13.50 points to trade at 459.10 at the close. Meanwhile, Hannover Rueck SE (ETR:HNRGn) added 3.01% or 7.00 points to end at 239.60 and Siemens Energy AG (ETR:ENR1n) was up 1.90% or 0.50 points to 26.87 in late trade.

The worst performers of the session were RWE AG ST O.N. (ETR:RWEG), which fell 1.61% or 0.54 points to trade at 33.06 at the close. Continental AG O.N. (ETR:CONG) declined 1.47% or 0.90 points to end at 60.36 and E.ON SE (ETR:EONGn) was down 1.46% or 0.18 points to 12.18.

The top performers on the MDAX were Tui AG NA (ETR:TUI1n) which rose 3.50% to 6.74, Stroeer SE (ETR:SAXG) which was up 2.46% to settle at 62.50 and Befesa SA (ETR:BFSA) which gained 1.87% to close at 32.70.

The worst performers were Delivery Hero AG (ETR:DHER) which was down 7.19% to 19.50 in late trade, K+S AG (ETR:SDFGn) which lost 5.79% to settle at 11.80 and Aixtron SE (ETR:AIXGn) which was down 3.28% to 21.50 at the close.

The top performers on the TecDAX were Suess Microtec NA O.N. (ETR:SMHNn) which rose 1.25% to 64.80, Evotec AG O.N. (ETR:EVTG) which was up 1.18% to settle at 9.84 and Sartorius AG VZO O.N. (ETR:SATG_p) which gained 0.87% to close at 232.60.

The worst performers were Aixtron SE (ETR:AIXGn) which was down 3.28% to 21.50 in late trade, Eckert & Ziegler AG O.N. (ETR:EUZG) which lost 2.74% to settle at 44.78 and Hensoldt Ag (ETR:HAGG) which was down 2.38% to 35.22 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 351 to 272 and 36 ended unchanged.

Shares in Siemens Energy AG (ETR:ENR1n) rose to 3-years highs; up 1.90% or 0.50 to 26.87. Shares in K+S AG (ETR:SDFGn) fell to 52-week lows; losing 5.79% or 0.73 to 11.80. Shares in Suess Microtec NA O.N. (ETR:SMHNn) rose to all time highs; rising 1.25% or 0.80 to 64.80.

The DAX volatility index, which measures the implied volatility of DAX options, was down 0.42% to 13.31.

Gold Futures for August delivery was down 1.64% or 39.25 to $2,358.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 1.03% or 0.86 to hit $82.30 a barrel, while the September Brent oil contract fell 0.94% or 0.81 to trade at $85.73 a barrel.

EUR/USD was unchanged 0.04% to 1.08, while EUR/GBP unchanged 0.06% to 0.84.

The US Dollar Index Futures was up 0.07% at 104.62.

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