Germany stocks mixed at close of trade; DAX up 0.74%

Published 08/12/2022, 01:15 PM
©  Reuters Germany stocks mixed at close of trade; DAX up 0.74%

Investing.com – Germany stocks were mixed after the close on Friday, as gains in the Food & Beverages, Chemicals and Insurance sectors led shares higher while losses in the Construction, Telecoms and Transportation & Logistics sectors led shares lower.

At the close in Frankfurt, the DAX gained 0.74% to hit a new 1-month high, while the MDAX index added 0.04%, and the TecDAX index fell 0.06%.

The best performers of the session on the DAX were Bayer AG NA (ETR:BAYGN), which rose 4.78% or 2.47 points to trade at 54.15 at the close. Meanwhile, Covestro AG (ETR:1COV) added 2.36% or 0.75 points to end at 32.57 and Vonovia SE (ETR:VNAn) was up 2.24% or 0.69 points to 31.43 in late trade.

The worst performers of the session were Deutsche Boerse AG (ETR:DB1Gn), which fell 3.26% or 5.55 points to trade at 164.50 at the close. Merck KGaA (ETR:MRCG) declined 1.87% or 3.50 points to end at 183.60 and Porsche Automobil Holding SE (ETR:PSHG_p) was down 1.77% or 1.26 points to 70.08.

The top performers on the MDAX were Uniper SE (ETR:UN01) which rose 9.32% to 7.45, Evotec AG O.N. (ETR:EVTG) which was up 6.20% to settle at 26.88 and Commerzbank AG O.N. (ETR:CBKG) which gained 3.36% to close at 7.14.

The worst performers were Knorr-Bremse AG (ETR:KBX) which was down 11.29% to 54.24 in late trade, Encavis AG (ETR:ECVG) which lost 3.54% to settle at 22.09 and Kion Group AG (ETR:KGX) which was down 2.42% to 44.00 at the close.

The top performers on the TecDAX were Evotec AG O.N. (ETR:EVTG) which rose 6.20% to 26.88, Verbio Vereinigte Bioenergie AG (ETR:VBKG) which was up 2.13% to settle at 69.50 and Freenet AG NA (ETR:FNTGn) which gained 2.08% to close at 23.07.

The worst performers were Jenoptik AG (ETR:JENGn) which was down 2.37% to 23.86 in late trade, Hensoldt Ag (ETR:HAGG) which lost 1.71% to settle at 23.00 and Deutsche Telekom AG Na (ETR:DTEGn) which was down 1.34% to 18.68 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 432 to 245 and 85 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 3.65% to 22.20 a new 1-month low.

Gold Futures for December delivery was up 0.59% or 10.65 to $1,817.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 2.15% or 2.03 to hit $92.31 a barrel, while the October Brent oil contract fell 1.44% or 1.43 to trade at $98.17 a barrel.

EUR/USD was down 0.51% to 1.03, while EUR/GBP unchanged 0.12% to 0.85.

The US Dollar Index Futures was up 0.50% at 105.52.

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