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Germany stocks lower at close of trade; DAX down 0.17%

Published 05/17/2024, 12:05 PM
©  Reuters Germany stocks lower at close of trade; DAX down 0.17%

Investing.com – Germany stocks were lower after the close on Friday, as losses in the Construction, Retail and Utilities sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.17%, while the MDAX index lost 0.30%, and the TecDAX index lost 0.46%.

The best performers of the session on the DAX were Commerzbank AG O.N. (ETR:CBKG), which rose 1.98% or 0.30 points to trade at 15.47 at the close. Meanwhile, Deutsche Boerse AG (ETR:DB1Gn) added 1.68% or 3.05 points to end at 184.55 and Symrise AG Inh. O.N. (ETR:SY1G) was up 1.57% or 1.58 points to 102.20 in late trade.

The worst performers of the session were E.ON SE (ETR:EONGn), which fell 5.22% or 0.70 points to trade at 12.70 at the close. Zalando SE (ETR:ZALG) declined 3.72% or 0.94 points to end at 24.31 and Sartorius AG VZO O.N. (ETR:SATG_p) was down 3.28% or 9.10 points to 268.50.

The top performers on the MDAX were Freenet AG NA (ETR:FNTGn) which rose 3.74% to 23.88, Stabilus (ETR:STM1) which was up 3.64% to settle at 57.00 and Fuchs Petrolub AG VZO Pref (ETR:FPE3_p) which gained 3.10% to close at 43.84.

The worst performers were Redcare Pharmacy NV (ETR:RDC) which was down 9.13% to 109.50 in late trade, Evotec AG O.N. (ETR:EVTG) which lost 4.97% to settle at 9.76 and Lanxess AG (ETR:LXSG) which was down 4.14% to 26.16 at the close.

The top performers on the TecDAX were Freenet AG NA (ETR:FNTGn) which rose 3.74% to 23.88, TeamViewer AG (ETR:TMV) which was up 2.03% to settle at 12.08 and Jenoptik AG (ETR:JENGn) which gained 1.76% to close at 27.74.

The worst performers were Evotec AG O.N. (ETR:EVTG) which was down 4.97% to 9.76 in late trade, Sartorius AG VZO O.N. (ETR:SATG_p) which lost 3.28% to settle at 268.50 and Nagarro SE (ETR:NA9n) which was down 3.11% to 85.80 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 302 to 300 and 40 ended unchanged.

Shares in Commerzbank AG O.N. (ETR:CBKG) rose to 5-year highs; rising 1.98% or 0.30 to 15.47.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.48% to 13.99.

Gold Futures for June delivery was up 1.27% or 30.25 to $2,415.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.42% or 0.33 to hit $79.56 a barrel, while the July Brent oil contract rose 0.38% or 0.32 to trade at $83.59 a barrel.

EUR/USD was unchanged 0.06% to 1.09, while EUR/GBP unchanged 0.24% to 0.86.

The US Dollar Index Futures was up 0.00% at 104.35.

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