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

Published 10-09-2024, 09:35 pm
Updated 10-09-2024, 09:37 pm
© 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 DAX Construction, DAX Retail and DAX Technology sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.89%, while the MDAX index lost 0.03%, and the TecDAX index lost 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 fell 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) down 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.

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

Shares in Vonovia SE (ETR:VNAn) rose to 52-week highs; rising 2.17% or 0.71 to 33.49. Shares in Bayerische Motoren Werke AG (ETR:BMWG) fell to 3-year lows; losing 11.15% or 8.66 to 68.98. Shares in Aroundtown Property Holdings PLC (ETR:AT1) rose to 52-week highs; up 14.30% or 0.35 to 2.79. Shares in Thyssenkrupp AG O.N. (ETR:TKAG) fell to all time lows; down 4.41% or 0.13 to 2.78. Shares in Tag Immobilien AG (ETR:TEGG) rose to 52-week highs; up 3.49% or 0.55 to 16.31. Shares in Stabilus (ETR:STM1) fell to 3-year lows; falling 2.62% or 0.95 to 35.35. Shares in PNE Wind AG (ETR:PNEGn) fell to 52-week lows; falling 4.23% or 0.48 to 10.88.

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

Gold Futures for December delivery was up 0.32% or 8.05 to $2,540.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 4.38% or 3.01 to hit $65.70 a barrel, while the November Brent oil contract fell 3.84% or 2.76 to trade at $69.08 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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