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Germany stocks mixed at close of trade; DAX up 0.31%

Published 04/12/2023, 01:15 PM
© Reuters Germany stocks mixed at close of trade; DAX up 0.31%

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

At the close in Frankfurt, the DAX added 0.31% to hit a new 52-week high, while the MDAX index declined 0.40%, and the TecDAX index added 0.02%.

The best performers of the session on the DAX were Daimler Truck Holding AG (ETR:DTGGe), which rose 3.83% or 1.10 points to trade at 29.83 at the close. Meanwhile, Bayerische Motoren Werke AG (ETR:BMWG) added 1.74% or 1.76 points to end at 102.68 and Vonovia SE (ETR:VNAn) was up 1.71% or 0.31 points to 18.46 in late trade.

The worst performers of the session were Merck KGaA (ETR:MRCG), which fell 7.39% or 12.80 points to trade at 160.50 at the close. Zalando SE (ETR:ZALG) declined 3.84% or 1.44 points to end at 36.07 and Adidas AG (ETR:ADSGN) was down 1.51% or 2.50 points to 163.44.

The top performers on the MDAX were Rational AG (ETR:RAAG) which rose 4.82% to 641.50, Aroundtown Property Holdings PLC (ETR:AT1) which was up 3.98% to settle at 1.26 and Tag Immobilien AG (ETR:TEGG) which gained 2.79% to close at 7.08.

The worst performers were Deutsche Lufthansa AG (ETR:LHAG) which was down 5.16% to 9.57 in late trade, Delivery Hero AG (ETR:DHER) which lost 4.21% to settle at 30.95 and ADTRAN Holdingsa Inc (ETR:QH9) which was down 3.93% to 10.04 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (ETR:MORG) which rose 3.45% to 18.00, Nemetschek AG O.N. (ETR:NEKG) which was up 2.02% to settle at 64.76 and SMA Solar Technology AG (ETR:S92G) which gained 1.25% to close at 97.45.

The worst performers were ADTRAN Holdingsa Inc (ETR:QH9) which was down 3.93% to 10.04 in late trade, Hensoldt Ag (ETR:HAGG) which lost 3.28% to settle at 33.60 and Aixtron SE (ETR:AIXGn) which was down 3.04% to 29.94 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 345 to 313 and 92 ended unchanged.

Shares in Bayerische Motoren Werke AG (ETR:BMWG) rose to 5-year highs; gaining 1.74% or 1.76 to 102.68. Shares in ADTRAN Holdingsa Inc (ETR:QH9) fell to all time lows; down 3.93% or 0.41 to 10.04. Shares in ADTRAN Holdingsa Inc (ETR:QH9) fell to all time lows; down 3.93% or 0.41 to 10.04.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.41% to 18.26 a new 1-month low.

Gold Futures for June delivery was up 0.17% or 3.45 to $2,022.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 2.28% or 1.86 to hit $83.39 a barrel, while the June Brent oil contract rose 2.04% or 1.75 to trade at $87.36 a barrel.

EUR/USD was up 0.79% to 1.10, while EUR/GBP unchanged 0.32% to 0.88.

The US Dollar Index Futures was down 0.69% at 101.18.

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