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Germany stocks mixed at close of trade; DAX down 1.75%

Published 01/27/2021, 11:15 AM
Updated 01/27/2021, 11:20 AM
©  Reuters Germany stocks mixed at close of trade; DAX down 1.75%

Investing.com – Germany stocks were mixed after the close on Wednesday, as gains in the Media, Telecoms and Software sectors led shares higher while losses in the Technology, Utilities and Transportation & Logistics sectors led shares lower.

At the close in Frankfurt, the DAX declined 1.75% to hit a new 1-month low, while the MDAX index fell 0.64%, and the TecDAX index gained 0.11%.

The best performers of the session on the DAX were Deutsche Telekom AG Na (DE:DTEGn), which rose 0.39% or 0.058 points to trade at 15.068 at the close. Meanwhile, SAP SE (DE:SAPG) added 0.15% or 0.160 points to end at 110.050 and Vonovia SE (DE:VNAn) was down 0.54% or 0.30 points to 55.46 in late trade.

The worst performers of the session were Merck KGaA (DE:MRCG), which fell 4.13% or 5.93 points to trade at 137.62 at the close. Bayer AG NA (DE:BAYGN) declined 3.70% or 1.92 points to end at 50.02 and Infineon Technologies AG NA O.N. (DE:IFXGn) was down 3.63% or 1.215 points to 32.230.

The top performers on the MDAX were RTL Group SA (DE:RRTL) which rose 13.40% to 46.540, Hugo Boss AG NA O.N. (DE:BOSSn) which was up 9.01% to settle at 31.220 and Evotec AG O.N. (DE:EVTG) which gained 7.06% to close at 35.350.

The worst performers were Aurubis AG (DE:NAFG) which was down 8.68% to 63.140 in late trade, Thyssenkrupp AG O.N. (DE:TKAG) which lost 4.46% to settle at 9.137 and Commerzbank AG O.N. (DE:CBKG) which was down 4.55% to 5.393 at the close.

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The top performers on the TecDAX were Evotec AG O.N. (DE:EVTG) which rose 7.06% to 35.350, Software AG (DE:SOWGn) which was up 7.77% to settle at 36.080 and Varta AG (DE:VAR1) which gained 5.02% to close at 157.000.

The worst performers were Nordex SE O.N. (DE:NDXG) which was down 8.87% to 23.020 in late trade, Pfeiffer Vacuum Technology O.N. (DE:PV) which lost 5.49% to settle at 177.40 and Infineon Technologies AG NA O.N. (DE:IFXGn) which was down 3.63% to 32.230 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 521 to 169 and 24 ended unchanged.

Shares in RTL Group SA (DE:RRTL) rose to 52-week highs; up 13.40% or 5.500 to 46.540. Shares in Evotec AG O.N. (DE:EVTG) rose to all time highs; rising 7.06% or 2.330 to 35.350. Shares in Evotec AG O.N. (DE:EVTG) rose to all time highs; gaining 7.06% or 2.330 to 35.350. Shares in Varta AG (DE:VAR1) rose to all time highs; up 5.02% or 7.500 to 157.000.

The DAX volatility index, which measures the implied volatility of DAX options, was up 14.70% to 28.33 a new 1-month high.

Gold Futures for February delivery was down 0.28% or 5.25 to $1845.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.63% or 0.33 to hit $52.94 a barrel, while the April Brent oil contract rose 0.40% or 0.22 to trade at $55.86 a barrel.

EUR/USD was down 0.56% to 1.2092, while EUR/GBP fell 0.19% to 0.8831.

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The US Dollar Index Futures was up 0.55% at 90.642.

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