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Germany stocks mixed at close of trade; DAX up 0.22%

Published 11/24/2023, 12:05 PM
© Reuters.  Germany stocks mixed at close of trade; DAX up 0.22%

Investing.com – Germany stocks were mixed after the close on Friday, as gains in the Food & Beverages, Chemicals and Retail sectors led shares higher while losses in the Construction, Software and Basic Resources sectors led shares lower.

At the close in Frankfurt, the DAX added 0.22% to hit a new 3-months high, while the MDAX index gained 0.43%, and the TecDAX index lost 0.06%.

The best performers of the session on the DAX were Covestro AG (ETR:1COV), which rose 2.22% or 1.06 points to trade at 48.71 at the close. Meanwhile, Continental AG O.N. (ETR:CONG) added 2.03% or 1.40 points to end at 70.36 and Dr Ing hc F Porsche AG Preferred (ETR:P911_p) was up 1.89% or 1.60 points to 86.10 in late trade.

The worst performers of the session were SAP SE (ETR:SAPG), which fell 1.00% or 1.42 points to trade at 141.08 at the close. Bayer AG NA (ETR:BAYGN) declined 0.93% or 0.31 points to end at 32.65 and Deutsche Boerse AG (ETR:DB1Gn) was down 0.77% or 1.35 points to 173.00.

The top performers on the MDAX were Gerresheimer AG (ETR:GXIG) which rose 2.82% to 87.50, United Internet AG NA (ETR:UTDI) which was up 2.05% to settle at 20.40 and Delivery Hero AG (ETR:DHER) which gained 1.69% to close at 31.83.

The worst performers were Nemetschek AG O.N. (ETR:NEKG) which was down 1.70% to 79.90 in late trade, Encavis AG (ETR:ECVG) which lost 1.57% to settle at 13.14 and Puma SE (ETR:PUMG) which was down 0.77% to 56.36 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (ETR:MORG) which rose 3.09% to 16.85, United Internet AG NA (ETR:UTDI) which was up 2.05% to settle at 20.40 and Hensoldt Ag (ETR:HAGG) which gained 1.45% to close at 26.54.

The worst performers were Nagarro SE (ETR:NA9n) which was down 3.08% to 81.95 in late trade, Nemetschek AG O.N. (ETR:NEKG) which lost 1.70% to settle at 79.90 and Energiekontor AG (ETR:EKTG) which was down 1.31% to 67.70 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 364 to 258 and 28 ended unchanged.

Shares in Bayer AG NA (ETR:BAYGN) fell to 5-year lows; down 0.93% or 0.31 to 32.65.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.37% to 12.95 a new 3-months low.

Gold Futures for December delivery was up 0.40% or 7.90 to $2,000.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.06% or 0.82 to hit $76.28 a barrel, while the January Brent oil contract rose 0.04% or 0.03 to trade at $81.45 a barrel.

EUR/USD was unchanged 0.26% to 1.09, while EUR/GBP unchanged 0.25% to 0.87.

The US Dollar Index Futures was down 0.43% at 103.38.

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