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Germany stocks lower at close of trade; DAX down 1.34%

Published 07/09/2024, 12:05 PM
Updated 07/09/2024, 12:06 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.34%

Investing.com – Germany stocks were lower after the close on Tuesday, as losses in the Construction, Technology and Industrials sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.34%, while the MDAX index declined 1.27%, and the TecDAX index declined 1.70%.

The best performers of the session on the DAX were Covestro AG (ETR:1COV), which rose 0.88% or 0.48 points to trade at 55.32 at the close. Meanwhile, Rheinmetall AG (ETR:RHMG) added 0.76% or 3.80 points to end at 500.80 and Bayerische Motoren Werke AG (ETR:BMWG) was up 0.67% or 0.58 points to 87.70 in late trade.

The worst performers of the session were Mercedes Benz Group AG (ETR:MBGn), which fell 3.43% or 2.24 points to trade at 63.15 at the close. Airbus Group SE (ETR:AIRG) declined 2.84% or 3.86 points to end at 131.82 and Bayer AG NA (ETR:BAYGN) was down 2.71% or 0.71 points to 25.35.

The top performers on the MDAX were LEG Immobilien AG (ETR:LEGn) which rose 1.51% to 77.96, Redcare Pharmacy NV (ETR:RDC) which was up 1.46% to settle at 138.70 and Tag Immobilien AG (ETR:TEGG) which gained 1.45% to close at 14.00.

The worst performers were HelloFresh SE (ETR:HFGG) which was down 7.97% to 5.66 in late trade, Evotec AG O.N. (ETR:EVTG) which lost 4.58% to settle at 9.39 and Aixtron SE (ETR:AIXGn) which was down 4.56% to 20.52 at the close.

The top performers on the TecDAX were Suess Microtec NA O.N. (ETR:SMHNn) which rose 0.31% to 65.00, Siemens Healthineers AG (ETR:SHLG) which was up 0.22% to settle at 53.54 and Eckert & Ziegler AG O.N. (ETR:EUZG) which gained 0.09% to close at 44.82.

The worst performers were CompuGroup Medical AG O.N. (ETR:COP1n) which was down 32.16% to 16.20 in late trade, SMA Solar Technology AG (ETR:S92G) which lost 4.63% to settle at 26.38 and Evotec AG O.N. (ETR:EVTG) which was down 4.58% to 9.39 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 475 to 186 and 24 ended unchanged.

Shares in Covestro AG (ETR:1COV) rose to 52-week highs; rising 0.88% or 0.48 to 55.32. Shares in Bayer AG NA (ETR:BAYGN) fell to 5-year lows; losing 2.71% or 0.71 to 25.35. Shares in Suess Microtec NA O.N. (ETR:SMHNn) rose to all time highs; gaining 0.31% or 0.20 to 65.00. Shares in CompuGroup Medical AG O.N. (ETR:COP1n) fell to 5-year lows; losing 32.16% or 7.68 to 16.20.

The DAX volatility index, which measures the implied volatility of DAX options, was down 5.20% to 12.62 a new 1-month low.

Gold Futures for August delivery was up 0.21% or 5.05 to $2,368.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 1.25% or 1.03 to hit $81.30 a barrel, while the September Brent oil contract fell 1.32% or 1.13 to trade at $84.62 a barrel.

EUR/USD was unchanged 0.09% to 1.08, while EUR/GBP unchanged 0.06% to 0.85.

The US Dollar Index Futures was up 0.16% at 104.83.

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