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Germany stocks lower at close of trade; DAX down 0.65%

Published 10/01/2024, 12:05 PM
Updated 10/01/2024, 12:08 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.65%
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Investing.com – Germany stocks were lower after the close on Tuesday, as losses in the Technology, Construction and Transportation & Logistics sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.65%, while the MDAX index declined 0.23%, and the TecDAX index lost 0.87%.

The best performers of the session on the DAX were Rheinmetall AG (ETR:RHMG), which rose 5.06% or 24.60 points to trade at 511.00 at the close. Meanwhile, Covestro AG (ETR:1COV) added 3.79% or 2.12 points to end at 58.06 and Siemens Energy AG (ETR:ENR1n) was up 2.66% or 0.88 points to 33.95 in late trade.

The worst performers of the session were Henkel & Co KGaA AG Pref (ETR:HNKG_p), which fell 2.89% or 2.44 points to trade at 81.96 at the close. Infineon Technologies AG NA O.N. (ETR:IFXGn) declined 2.72% or 0.86 points to end at 30.60 and Deutsche Post AG NA O.N. (ETR:DHLn) was down 2.22% or 0.89 points to 39.14.

The top performers on the MDAX were Aroundtown Property Holdings PLC (ETR:AT1) which rose 8.25% to 3.06, Redcare Pharmacy NV (ETR:RDC) which was up 4.01% to settle at 134.80 and Hensoldt Ag (ETR:HAGG) which gained 3.67% to close at 30.54.

The worst performers were Carl Zeiss Meditec AG (ETR:AFXG) which was down 6.82% to 66.30 in late trade, Fuchs Petrolub AG VZO Pref (ETR:FPE3_p) which lost 3.30% to settle at 42.14 and Nordex SE O.N. (ETR:NDXG) which was down 3.02% to 13.50 at the close.

The top performers on the TecDAX were Hensoldt Ag (ETR:HAGG) which rose 3.67% to 30.54, United Internet AG NA (ETR:UTDI) which was up 1.95% to settle at 18.83 and TeamViewer AG (ETR:TMV) which gained 1.58% to close at 11.60.

The worst performers were Carl Zeiss Meditec AG (ETR:AFXG) which was down 6.82% to 66.30 in late trade, Evotec AG O.N. (ETR:EVTG) which lost 3.42% to settle at 6.20 and Nordex SE O.N. (ETR:NDXG) which was down 3.02% to 13.50 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 369 to 269 and 28 ended unchanged.

Shares in Covestro AG (ETR:1COV) rose to 52-week highs; gaining 3.79% or 2.12 to 58.06. Shares in Siemens Energy AG (ETR:ENR1n) rose to all time highs; rising 2.66% or 0.88 to 33.95. Shares in Aroundtown Property Holdings PLC (ETR:AT1) rose to 52-week highs; rising 8.25% or 0.23 to 3.06.

The DAX volatility index, which measures the implied volatility of DAX options, was up 10.37% to 16.50.

Gold Futures for December delivery was up 0.93% or 24.80 to $2,684.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 3.93% or 2.68 to hit $70.85 a barrel, while the December Brent oil contract rose 3.67% or 2.63 to trade at $74.33 a barrel.

EUR/USD was down 0.63% to 1.11, while EUR/GBP unchanged 0.08% to 0.83.

The US Dollar Index Futures was up 0.47% at 101.00.

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