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Germany stocks mixed at close of trade; DAX up 0.31%

Published 05/08/2024, 12:05 PM
© Reuters.  Germany stocks mixed at close of trade; DAX up 0.31%

Investing.com – Germany stocks were mixed after the close on Wednesday, as gains in the Food & Beverages, Industrials and Insurance sectors led shares higher while losses in the Construction, Retail and Technology sectors led shares lower.

At the close in Frankfurt, the DAX rose 0.31% to hit a new 1-month high, while the MDAX index climbed 0.47%, and the TecDAX index lost 0.33%.

The best performers of the session on the DAX were Siemens Energy AG (ETR:ENR1n), which rose 12.11% or 2.43 points to trade at 22.50 at the close. Meanwhile, Munich Reinsurance (ETR:MUVGn) added 3.19% or 13.40 points to end at 433.40 and Henkel & Co KGaA AG Pref (ETR:HNKG_p) was up 2.92% or 2.32 points to 81.74 in late trade.

The worst performers of the session were Zalando SE (ETR:ZALG), which fell 5.09% or 1.35 points to trade at 25.16 at the close. Dr Ing hc F Porsche AG Preferred (ETR:P911_p) declined 4.14% or 3.52 points to end at 81.44 and Continental AG O.N. (ETR:CONG) was down 3.17% or 2.02 points to 61.62.

The top performers on the MDAX were Puma SE (ETR:PUMG) which rose 10.71% to 50.12, Jenoptik AG (ETR:JENGn) which was up 9.14% to settle at 27.70 and Knorr-Bremse AG (ETR:KBX) which gained 5.53% to close at 73.45.

The worst performers were SMA Solar Technology AG (ETR:S92G) which was down 6.72% to 46.62 in late trade, Carl Zeiss Meditec AG (ETR:AFXG) which lost 5.77% to settle at 93.90 and Redcare Pharmacy NV (ETR:RDC) which was down 4.90% to 128.20 at the close.

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The top performers on the TecDAX were Jenoptik AG (ETR:JENGn) which rose 9.14% to 27.70, Hensoldt Ag (ETR:HAGG) which was up 2.76% to settle at 38.02 and Suess Microtec NA O.N. (ETR:SMHNn) which gained 1.97% to close at 49.25.

The worst performers were SMA Solar Technology AG (ETR:S92G) which was down 6.72% to 46.62 in late trade, Carl Zeiss Meditec AG (ETR:AFXG) which lost 5.77% to settle at 93.90 and CompuGroup Medical AG O.N. (ETR:COP1n) which was down 4.87% to 27.72 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 323 to 284 and 36 ended unchanged.

Shares in Henkel & Co KGaA AG Pref (ETR:HNKG_p) rose to 52-week highs; gaining 2.92% or 2.32 to 81.74. Shares in Knorr-Bremse AG (ETR:KBX) rose to 52-week highs; up 5.53% or 3.85 to 73.45. Shares in Suess Microtec NA O.N. (ETR:SMHNn) rose to all time highs; gaining 1.97% or 0.95 to 49.25.

The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 13.64 a new 1-month low.

Gold Futures for June delivery was up 0.12% or 2.80 to $2,327.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.84% or 0.66 to hit $79.04 a barrel, while the July Brent oil contract rose 0.64% or 0.53 to trade at $83.69 a barrel.

EUR/USD was unchanged 0.01% to 1.08, while EUR/GBP unchanged 0.05% to 0.86.

The US Dollar Index Futures was up 0.05% at 105.35.

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