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Germany shares higher at close of trade; DAX up 0.44%

Published 27-08-2024, 09:35 pm
© Reuters.  Germany shares higher at close of trade; DAX up 0.44%
DE40
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ADSGN
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CONG
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TUI1n
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EVTG
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Investing.com – Germany equities were higher at the close on Tuesday, as gains in the DAX Consumer & Cyclical, DAX Food & Beverage and DAX Insurance sectors led shares higher.

At the close in Frankfurt, the DAX added 0.44% to hit a new 1-month high, while the MDAX index added 0.44%, and the TecDAX index gained 0.75%.

The biggest gainers of the session on the DAX were Continental AG O.N. (ETR:CONG), which rose 2.74% or 1.64 points to trade at 61.46 at the close. Adidas AG (ETR:ADSGN) added 2.19% or 4.80 points to end at 223.70 and Brenntag AG (ETR:BNRGn) was up 1.72% or 1.12 points to 66.28 in late trade.

Biggest losers included Vonovia SE (ETR:VNAn), which fell 1.52% or 0.48 points to trade at 31.19 in late trade. Daimler Truck Holding AG (ETR:DTGGe) declined 1.19% or 0.41 points to end at 34.16 and Zalando SE (ETR:ZALG) down 1.04% or 0.26 points to 24.63.

The top performers on the MDAX were Evotec AG O.N. (ETR:EVTG) which rose 9.21% to 6.76, Tui AG NA (ETR:TUI1n) which was up 5.03% to settle at 6.18 and Carl Zeiss Meditec AG (ETR:AFXG) which gained 3.67% to close at 65.00.

The worst performers were HelloFresh SE (ETR:HFGG) which was down 3.99% to 7.32 in late trade, Delivery Hero AG (ETR:DHER) which lost 3.29% to settle at 23.83 and Traton SE (ETR:8TRA) which was down 2.51% to 29.10 at the close.

The top performers on the TecDAX were Evotec AG O.N. (ETR:EVTG) which rose 9.21% to 6.76, Carl Zeiss Meditec AG (ETR:AFXG) which was up 3.67% to settle at 65.00 and 11 AG (ETR:1U1) which gained 2.76% to close at 14.14.

The worst performers were SMA Solar Technology AG (ETR:S92G) which was down 1.89% to 20.80 in late trade, Cancom SE O.N. (ETR:COKG) which lost 1.06% to settle at 27.92 and Hensoldt Ag (ETR:HAGG) which was down 1.02% to 33.00 at the close.

Falling stocks outnumbered advancing ones by 307 to 303 and 29 ended unchanged on the Frankfurt Stock Exchange.

Shares in SMA Solar Technology AG (ETR:S92G) fell to 3-year lows; falling 1.89% or 0.40 to 20.80.

The DAX New Volatility, which measures the implied volatility of DAX options, was up 2.27% to 14.38.

Gold Futures for December delivery was down 0.38% or 9.75 to $2,545.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 2.08% or 1.61 to hit $75.81 a barrel, while the November Brent oil contract fell 1.83% or 1.47 to trade at $78.89 a barrel.

EUR/USD was unchanged 0.01% to 1.12, while EUR/GBP unchanged 0.31% to 0.84.

The US Dollar Index Futures was down 0.09% at 100.65.

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