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Germany stocks mixed at close of trade; DAX up 0.11%

Published 01/02/2024, 12:05 PM
© Reuters.  Germany stocks mixed at close of trade; DAX up 0.11%

Investing.com – Germany stocks were mixed after the close on Tuesday, as gains in the Food & Beverages, Pharmaceuticals & Healthcare and Telecoms sectors led shares higher while losses in the Construction, Retail and Technology sectors led shares lower.

At the close in Frankfurt, the DAX added 0.11%, while the MDAX index declined 1.10%, and the TecDAX index fell 0.38%.

The best performers of the session on the DAX were Rheinmetall AG (ETR:RHMG), which rose 4.25% or 12.20 points to trade at 299.20 at the close. Meanwhile, Sartorius AG VZO O.N. (ETR:SATG_p) added 3.63% or 12.10 points to end at 345.30 and Fresenius SE & Co KGAA O.N. (ETR:FREG) was up 3.38% or 0.95 points to 29.02 in late trade.

The worst performers of the session were Zalando SE (ETR:ZALG), which fell 2.28% or 0.49 points to trade at 20.96 at the close. Infineon Technologies AG NA O.N. (ETR:IFXGn) declined 1.96% or 0.74 points to end at 37.06 and Vonovia SE (ETR:VNAn) was down 1.72% or 0.49 points to 28.05.

The top performers on the MDAX were United Internet AG NA (ETR:UTDI) which rose 2.52% to 23.62, Hensoldt Ag (ETR:HAGG) which was up 2.38% to settle at 24.98 and RTL Group SA (ETR:RRTL) which gained 2.06% to close at 35.68.

The worst performers were Encavis AG (ETR:ECVG) which was down 5.52% to 14.73 in late trade, Delivery Hero AG (ETR:DHER) which lost 5.40% to settle at 23.66 and Aroundtown Property Holdings PLC (ETR:AT1) which was down 4.73% to 2.36 at the close.

The top performers on the TecDAX were Sartorius AG VZO O.N. (ETR:SATG_p) which rose 3.63% to 345.30, Morphosys AG O.N. (ETR:MORG) which was up 2.88% to settle at 34.98 and United Internet AG NA (ETR:UTDI) which gained 2.52% to close at 23.62.

The worst performers were Aixtron SE (ETR:AIXGn) which was down 4.22% to 37.03 in late trade, Verbio Vereinigte Bioenergie AG (ETR:VBKG) which lost 3.65% to settle at 28.79 and Kontron AG (ETR:KTN) which was down 3.35% to 20.78 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 322 to 321 and 33 ended unchanged.

Shares in Rheinmetall AG (ETR:RHMG) rose to all time highs; gaining 4.25% or 12.20 to 299.20. Shares in United Internet AG NA (ETR:UTDI) rose to 52-week highs; up 2.52% or 0.58 to 23.62. Shares in United Internet AG NA (ETR:UTDI) rose to 52-week highs; gaining 2.52% or 0.58 to 23.62.

The DAX volatility index, which measures the implied volatility of DAX options, was up 6.93% to 14.47 a new 1-month high.

Gold Futures for February delivery was up 0.15% or 3.15 to $2,074.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.07% or 0.77 to hit $70.88 a barrel, while the March Brent oil contract fell 0.84% or 0.65 to trade at $76.39 a barrel.

EUR/USD was down 0.81% to 1.10, while EUR/GBP unchanged 0.10% to 0.87.

The US Dollar Index Futures was up 0.77% at 101.81.

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