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Germany stocks lower at close of trade; DAX down 1.31%

Published 03/23/2022, 02:15 PM
Updated 03/23/2022, 02:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.31%

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

At the close in Frankfurt, the DAX lost 1.31%, while the MDAX index lost 1.17%, and the TecDAX index fell 1.26%.

The best performers of the session on the DAX were Brenntag AG (DE:BNRGn), which rose 1.20% or 0.90 points to trade at 76.18 at the close. Meanwhile, Bayer AG NA (DE:BAYGN) added 0.44% or 0.26 points to end at 59.43 and Henkel & Co KGaA AG Pref (DE:HNKG_p) was up 0.44% or 0.28 points to 63.28 in late trade.

The worst performers of the session were Delivery Hero AG (DE:DHER), which fell 6.25% or 2.59 points to trade at 38.82 at the close. E.ON SE (DE:EONGn) declined 3.48% or 0.38 points to end at 10.43 and Heidelbergcement AG O.N. (DE:HEIG) was down 3.10% or 1.78 points to 55.56.

The top performers on the MDAX were K&S AG (DE:SDFGn) which rose 4.39% to 28.75, Aurubis AG (DE:NAFG) which was up 1.93% to settle at 116.30 and Gerresheimer AG (DE:GXIG) which gained 1.32% to close at 68.85.

The worst performers were Kion Group AG (DE:KGX) which was down 5.36% to 71.34 in late trade, Uniper SE (DE:UN01) which lost 4.84% to settle at 23.79 and Jungheinrich AG O.N.VZO (DE:JUNG_p) which was down 4.23% to 30.76 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (DE:MORG) which rose 3.82% to 23.90, CompuGroup Medical AG O.N. (DE:COP1n) which was up 1.55% to settle at 52.25 and Nagarro SE (DE:NA9n) which gained 0.33% to close at 151.00.

The worst performers were S&T AG (DE:SANT1) which was down 3.89% to 16.29 in late trade, TeamViewer AG (DE:TMV) which lost 3.00% to settle at 14.06 and Jenoptik AG (DE:JENGn) which was down 2.84% to 31.44 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 465 to 216 and 82 ended unchanged.

Shares in Bayer AG NA (DE:BAYGN) rose to 52-week highs; gaining 0.44% or 0.26 to 59.43. Shares in K&S AG (DE:SDFGn) rose to 5-year highs; gaining 4.39% or 1.21 to 28.75. Shares in Aurubis AG (DE:NAFG) rose to all time highs; gaining 1.93% or 2.20 to 116.30.

The DAX volatility index, which measures the implied volatility of DAX options, was up 10.18% to 30.51.

Gold Futures for April delivery was up 0.91% or 17.50 to $1,939.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 4.58% or 5.00 to hit $114.27 a barrel, while the May Brent oil contract rose 4.75% or 5.49 to trade at $120.97 a barrel.

EUR/USD was unchanged 0.20% to 1.10, while EUR/GBP unchanged 0.25% to 0.83.

The US Dollar Index Futures was up 0.11% at 98.63.

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