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Germany shares lower at close of trade; DAX down 0.90%

Published 03/10/2024, 17:05
Updated 03/10/2024, 17:07
© Reuters.  Germany shares lower at close of trade; DAX down 0.90%
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Investing.com – Germany equities were lower at the close on Thursday, as losses in the Technology, Construction and Software sectors propelled shares lower.

At the close in Frankfurt, the DAX declined 0.90%, while the MDAX index declined 0.78%, and the TecDAX index declined 1.24%.

The biggest gainers of the session on the DAX were Daimler Truck Holding AG (ETR:DTGGe), which rose 1.50% or 0.50 points to trade at 33.88 at the close. Zalando SE (ETR:ZALG) added 1.11% or 0.32 points to end at 29.18 and Commerzbank AG O.N. (ETR:CBKG) was up 0.90% or 0.15 points to 16.17 in late trade.

Biggest losers included Porsche Automobil Holding SE (ETR:PSHG_p), which lost 3.57% or 1.45 points to trade at 39.14 in late trade. Continental AG O.N. (ETR:CONG) declined 3.48% or 1.98 points to end at 54.88 and Vonovia SE (ETR:VNAn) shed 2.92% or 0.98 points to 32.59.

The top performers on the MDAX were Traton SE (ETR:8TRA) which rose 1.07% to 28.35, TeamViewer AG (ETR:TMV) which was up 0.99% to settle at 11.79 and GEA Group AG (ETR:G1AG) which gained 0.53% to close at 45.10.

The worst performers were K+S AG (ETR:SDFGn) which was down 2.66% to 11.33 in late trade, Hypoport AG (ETR:HYQGn) which lost 2.44% to settle at 288.00 and Lanxess AG (ETR:LXSG) which was down 2.32% to 28.60 at the close.

The top performers on the TecDAX were Eckert & Ziegler AG O.N. (ETR:EUZG) which rose 2.89% to 41.94, PNE Wind AG (ETR:PNEGn) which was up 2.31% to settle at 12.38 and Nagarro SE (ETR:NA9n) which gained 1.96% to close at 88.65.

The worst performers were SMA Solar Technology AG (ETR:S92G) which was down 3.41% to 17.26 in late trade, Infineon Technologies AG NA O.N. (ETR:IFXGn) which lost 2.86% to settle at 29.76 and Evotec AG O.N. (ETR:EVTG) which was down 2.12% to 5.99 at the close.

Declining stocks outnumbered rising ones by 415 to 165 and 35 ended unchanged on the Frankfurt Stock Exchange.

The DAX volatility index, which measures the implied volatility of DAX options, was down 2.40% to 18.38.

In commodities trading, Gold Futures for December delivery was up 0.04% or 1.00 to $2,670.70 a troy ounce. Meanwhile, Crude oil for delivery in November rose 4.35% or 3.05 to hit $73.15 a barrel, while the December Brent oil contract rose 4.13% or 3.05 to trade at $76.95 a barrel.

EUR/USD was unchanged 0.26% to 1.10, while EUR/GBP rose 0.87% to 0.84.

The US Dollar Index Futures was up 0.36% at 101.79.

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