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Germany shares lower at close of trade; DAX down 2.06%

Published 12-11-2024, 10:35 pm
Updated 12-11-2024, 10:42 pm
© Reuters.  Germany shares lower at close of trade; DAX down 2.06%
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Investing.com – Germany equities were lower at the close on Tuesday, as losses in the Pharmaceuticals & Healthcare, DAX Chemicals and DAX Industrial sectors led shares lower.

At the close in Frankfurt, the DAX lost 2.06%, while the MDAX index lost 2.10%, and the TecDAX index fell 0.85%.

The biggest gainers of the session on the DAX were Infineon Technologies AG NA O.N. (ETR:IFXGn), which rose 3.66% or 1.09 points to trade at 30.85 at the close. Rheinmetall AG (ETR:RHMG) added 1.59% or 9.00 points to end at 574.00 and Sartorius AG VZO O.N. (ETR:SATG_p) was up 0.17% or 0.40 points to 230.00 in late trade.

Biggest losers included Bayer AG NA (ETR:BAYGN), which fell 14.50% or 3.54 points to trade at 20.88 in late trade. Brenntag AG (ETR:BNRGn) declined 8.16% or 5.02 points to end at 56.50 and BASF SE NA O.N. (ETR:BASFN) down 4.28% or 1.89 points to 42.38.

The top performers on the MDAX were Hypoport AG (ETR:HYQGn) which rose 1.62% to 226.00, Hensoldt Ag (ETR:HAGG) which was up 1.13% to settle at 35.74 and TeamViewer AG (ETR:TMV) which gained 0.74% to close at 11.50.

The worst performers were United Internet AG NA (ETR:UTDI) which was down 17.57% to 15.62 in late trade, Aurubis AG (ETR:NAFG) which lost 7.09% to settle at 76.00 and Nordex SE O.N. (ETR:NDXG) which was down 5.86% to 11.56 at the close.

The top performers on the TecDAX were Elmos Semiconductor AG (ETR:ELGG) which rose 4.06% to 66.70, Infineon Technologies AG NA O.N. (ETR:IFXGn) which was up 3.66% to settle at 30.85 and SUSS MicroTec SE (ETR:SMHNn) which gained 1.16% to close at 52.20.

The worst performers were United Internet AG NA (ETR:UTDI) which was down 17.57% to 15.62 in late trade, Cancom SE O.N. (ETR:COKG) which lost 10.22% to settle at 22.84 and Evotec AG O.N. (ETR:EVTG) which was down 8.97% to 8.11 at the close.

Falling stocks outnumbered advancing ones by 485 to 142 and 30 ended unchanged on the Frankfurt Stock Exchange.

Shares in Bayer AG NA (ETR:BAYGN) fell to 5-year lows; losing 14.50% or 3.54 to 20.88. Shares in Rheinmetall AG (ETR:RHMG) rose to all time highs; rising 1.59% or 9.00 to 574.00. Shares in Brenntag AG (ETR:BNRGn) fell to 52-week lows; losing 8.16% or 5.02 to 56.50. Shares in United Internet AG NA (ETR:UTDI) fell to 52-week lows; falling 17.57% or 3.33 to 15.62. Shares in United Internet AG NA (ETR:UTDI) fell to 52-week lows; falling 17.57% or 3.33 to 15.62. Shares in Cancom SE O.N. (ETR:COKG) fell to 52-week lows; losing 10.22% or 2.60 to 22.84.

The DAX New Volatility, which measures the implied volatility of DAX options, was down 0.52% to 15.37 a new 1-month low.

Gold Futures for December delivery was down 0.64% or 16.85 to $2,600.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.43% or 0.29 to hit $68.33 a barrel, while the January Brent oil contract rose 0.39% or 0.28 to trade at $72.11 a barrel.

EUR/USD was down 0.54% to 1.06, while EUR/GBP unchanged 0.59% to 0.83.

The US Dollar Index Futures was up 0.59% at 106.08.

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