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Germany stocks lower at close of trade; DAX down 2.22%

Stock Markets Sep 05, 2022 01:15PM ET
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© Reuters. Germany stocks lower at close of trade; DAX down 2.22%

Investing.com – Germany stocks were lower after the close on Monday, as losses in the Chemicals, Construction and Transportation & Logistics sectors led shares lower.

At the close in Frankfurt, the DAX declined 2.22%, while the MDAX index lost 1.96%, and the TecDAX index declined 1.04%.

The best performers of the session on the DAX were E.ON SE (ETR:EONGn), which rose 1.00% or 0.09 points to trade at 8.93 at the close. Meanwhile, Brenntag AG (ETR:BNRGn) added 0.21% or 0.14 points to end at 67.00 and Siemens Healthineers AG (ETR:SHLG) was up 0.10% or 0.05 points to 49.08 in late trade.

The worst performers of the session were Mercedes Benz Group AG (ETR:MBGn), which fell 6.84% or 3.94 points to trade at 53.64 at the close. Continental AG O.N. (ETR:CONG) declined 5.87% or 3.42 points to end at 54.86 and Porsche Automobil Holding SE (ETR:PSHG_p) was down 4.62% or 3.36 points to 69.44.

The top performers on the MDAX were Rheinmetall AG (ETR:RHMG) which rose 3.09% to 156.60, Vantage Towers AG (ETR:VTWRn) which was up 0.39% to settle at 25.56 and Siemens Energy AG (ETR:ENR1n) which gained 0.04% to close at 14.15.

The worst performers were Uniper SE (ETR:UN01) which was down 10.99% to 5.02 in late trade, Duerr AG (ETR:DUEG) which lost 8.05% to settle at 20.10 and Rational AG (ETR:RAAG) which was down 5.98% to 495.00 at the close.

The top performers on the TecDAX were Hensoldt Ag (ETR:HAGG) which rose 1.45% to 21.05, Vantage Towers AG (ETR:VTWRn) which was up 0.39% to settle at 25.56 and Siemens Healthineers AG (ETR:SHLG) which gained 0.10% to close at 49.08.

The worst performers were Varta AG (ETR:VAR1) which was down 5.30% to 62.20 in late trade, Siltronic AG (ETR:WAFGn) which lost 4.12% to settle at 66.40 and Suse SA (ETR:SUSEG) which was down 3.79% to 18.76 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 521 to 160 and 72 ended unchanged.

Shares in Continental AG O.N. (ETR:CONG) fell to 52-week lows; falling 5.87% or 3.42 to 54.86. Shares in Uniper SE (ETR:UN01) fell to all time lows; falling 10.99% or 0.62 to 5.02. Shares in Duerr AG (ETR:DUEG) fell to 52-week lows; losing 8.05% or 1.76 to 20.10. Shares in Rational AG (ETR:RAAG) fell to 52-week lows; down 5.98% or 31.50 to 495.00. Shares in Varta AG (ETR:VAR1) fell to 52-week lows; losing 5.30% or 3.48 to 62.20.

The DAX volatility index, which measures the implied volatility of DAX options, was up 9.22% to 28.66.

Gold Futures for December delivery was up 0.02% or 0.35 to $1,722.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 2.36% or 2.05 to hit $88.92 a barrel, while the November Brent oil contract rose 2.96% or 2.75 to trade at $95.77 a barrel.

EUR/USD was unchanged 0.19% to 0.99, while EUR/GBP unchanged 0.23% to 0.86.

The US Dollar Index Futures was up 0.26% at 109.80.

Germany stocks lower at close of trade; DAX down 2.22%
 

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