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Germany shares lower at close of trade; DAX down 0.89%

Published 10/09/2024, 17:05
Updated 10/09/2024, 17:07
© Reuters.  Germany shares lower at close of trade; DAX down 0.89%
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Investing.com – Germany equities were lower at the close on Tuesday, as losses in the Construction, Retail and Technology sectors propelled shares lower.

At the close in Frankfurt, the DAX declined 0.89%, while the MDAX index declined 0.03%, and the TecDAX index declined 0.35%.

The biggest gainers of the session on the DAX were Vonovia SE (ETR:VNAn), which rose 2.17% or 0.71 points to trade at 33.49 at the close. Qiagen NV (ETR:QIA) added 1.33% or 0.55 points to end at 41.50 and Siemens Energy AG (ETR:ENR1n) was up 1.30% or 0.32 points to 24.92 in late trade.

Biggest losers included Bayerische Motoren Werke AG (ETR:BMWG), which lost 11.15% or 8.66 points to trade at 68.98 in late trade. Continental AG O.N. (ETR:CONG) declined 10.51% or 6.18 points to end at 52.60 and Deutsche Bank AG NA O.N. (ETR:DBKGn) shed 4.91% or 0.74 points to 14.29.

The top performers on the MDAX were Aroundtown Property Holdings PLC (ETR:AT1) which rose 14.30% to 2.79, Fresenius Medical Care KGAA ST (ETR:FMEG) which was up 4.51% to settle at 37.56 and Tag Immobilien AG (ETR:TEGG) which gained 3.49% to close at 16.31.

The worst performers were Delivery Hero AG (ETR:DHER) which was down 4.82% to 26.65 in late trade, Thyssenkrupp AG O.N. (ETR:TKAG) which lost 4.41% to settle at 2.78 and Stabilus (ETR:STM1) which was down 2.62% to 35.35 at the close.

The top performers on the TecDAX were SUSS MicroTec SE (ETR:SMHNn) which rose 1.94% to 52.60, Qiagen NV (ETR:QIA) which was up 1.33% to settle at 41.50 and Hensoldt Ag (ETR:HAGG) which gained 1.20% to close at 30.30.

The worst performers were PNE Wind AG (ETR:PNEGn) which was down 4.23% to 10.88 in late trade, Infineon Technologies AG NA O.N. (ETR:IFXGn) which lost 2.45% to settle at 28.52 and Siltronic AG (ETR:WAFGn) which was down 2.18% to 69.45 at the close.

Declining stocks outnumbered rising ones by 355 to 283 and 34 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 8.56% to 17.75.

In commodities trading, Gold Futures for December delivery was up 0.33% or 8.30 to $2,541.00 a troy ounce. Meanwhile, Crude oil for delivery in October fell 4.35% or 2.99 to hit $65.72 a barrel, while the November Brent oil contract fell 3.81% or 2.74 to trade at $69.10 a barrel.

EUR/USD was unchanged 0.09% to 1.10, while EUR/GBP unchanged 0.02% to 0.84.

The US Dollar Index Futures was up 0.11% at 101.63.

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