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Germany shares lower at close of trade; DAX down 1.14%

Published 06-11-2024, 10:35 pm
Updated 06-11-2024, 10:38 pm
© Reuters.  Germany shares lower at close of trade; DAX down 1.14%
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Investing.com – Germany equities were lower at the close on Wednesday, as losses in the DAX Technology, DAX Transportation & Logistics and DAX Consumer & Cyclical sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.14%, while the MDAX index declined 0.83%, and the TecDAX index lost 0.69%.

The biggest gainers of the session on the DAX were Siemens Healthineers AG (ETR:SHLG), which rose 5.95% or 2.88 points to trade at 51.26 at the close. Rheinmetall AG (ETR:RHMG) added 3.23% or 15.50 points to end at 495.80 and Fresenius SE & Co KGAA O.N. (ETR:FREG) was up 2.66% or 0.90 points to 34.72 in late trade.

Biggest losers included Bayerische Motoren Werke AG (ETR:BMWG), which fell 6.58% or 4.78 points to trade at 67.84 in late trade. Mercedes Benz Group AG (ETR:MBGn) declined 6.44% or 3.60 points to end at 52.30 and Zalando SE (ETR:ZALG) down 6.05% or 1.68 points to 26.09.

The top performers on the MDAX were Fresenius Medical Care KGAA ST (ETR:FMEG) which rose 5.65% to 39.05, Hypoport AG (ETR:HYQGn) which was up 4.38% to settle at 224.20 and Stabilus (ETR:STM1) which gained 4.16% to close at 37.55.

The worst performers were TeamViewer AG (ETR:TMV) which was down 12.96% to 11.69 in late trade, Nordex SE O.N. (ETR:NDXG) which lost 7.55% to settle at 12.12 and Evonik Industries AG (ETR:EVKn) which was down 7.14% to 18.67 at the close.

The top performers on the TecDAX were Kontron AG (ETR:KTN) which rose 11.87% to 16.96, Siemens Healthineers AG (ETR:SHLG) which was up 5.95% to settle at 51.26 and Hensoldt Ag (ETR:HAGG) which gained 1.88% to close at 32.46.

The worst performers were Evotec AG O.N. (ETR:EVTG) which was down 15.29% to 7.20 in late trade, TeamViewer AG (ETR:TMV) which lost 12.96% to settle at 11.69 and SMA Solar Technology AG (ETR:S92G) which was down 10.64% to 13.60 at the close.

Falling stocks outnumbered advancing ones by 371 to 251 and 28 ended unchanged on the Frankfurt Stock Exchange.

Shares in Bayerische Motoren Werke AG (ETR:BMWG) fell to 3-year lows; falling 6.58% or 4.78 to 67.84. Shares in Mercedes Benz Group AG (ETR:MBGn) fell to 52-week lows; falling 6.44% or 3.60 to 52.30. Shares in Fresenius SE & Co KGAA O.N. (ETR:FREG) rose to 52-week highs; rising 2.66% or 0.90 to 34.72. Shares in SMA Solar Technology AG (ETR:S92G) fell to 5-year lows; falling 10.64% or 1.62 to 13.60.

The DAX New Volatility, which measures the implied volatility of DAX options, was down 4.40% to 18.69.

Gold Futures for December delivery was down 2.65% or 73.00 to $2,676.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.06% or 0.04 to hit $71.95 a barrel, while the January Brent oil contract fell 0.33% or 0.25 to trade at $75.28 a barrel.

EUR/USD was down 1.80% to 1.07, while EUR/GBP fell 0.67% to 0.83.

The US Dollar Index Futures was up 1.65% at 105.03.

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