’Fasten your seatbelts’— BTIG strategists warn of coming turbulence
Investing.com – Germany equities were mixed at the close on Friday, as gains in the DAX Food & Beverage, DAX Software and DAX Telecom sectors led shares higher while losses in the DAX Construction, DAX Technology and DAX Media sectors led shares lower.
At the close in Frankfurt, the DAX gained 0.31%, while the MDAX index lost 0.37%, and the TecDAX index climbed 0.00%.
The biggest gainers of the session on the DAX were Zalando SE (ETR:ZALG), which rose 1.98% or 0.61 points to trade at 31.45 at the close. Fresenius SE & Co KGAA O.N. (ETR:FREG) added 1.89% or 0.80 points to end at 43.18 and SAP SE (ETR:SAPG) was up 1.31% or 3.45 points to 265.90 in late trade.
Biggest losers included Sartorius AG VZO O.N. (ETR:SATG_p), which fell 3.30% or 7.20 points to trade at 211.00 in late trade. Dr Ing hc F Porsche AG Preferred (ETR:P911_p) declined 2.10% or 0.91 points to end at 42.46 and Heidelberg Materials AG (ETR:HEIG) down 1.40% or 2.45 points to 172.45.
The top performers on the MDAX were Evotec AG O.N. (ETR:EVTG) which rose 3.58% to 6.95, Thyssenkrupp AG O.N. (ETR:TKAG) which was up 2.19% to settle at 8.58 and Fraport AG (ETR:FRAG) which gained 1.24% to close at 61.10.
The worst performers were Delivery Hero AG (ETR:DHER) which was down 5.06% to 24.38 in late trade, Aixtron SE (ETR:AIXGn) which lost 2.60% to settle at 12.16 and Redcare Pharmacy NV (ETR:RDC) which was down 2.39% to 114.40 at the close.
The top performers on the TecDAX were Evotec AG O.N. (ETR:EVTG) which rose 3.58% to 6.95, Formycon AG (ETR:FYB) which was up 3.27% to settle at 23.70 and Eckert & Ziegler AG O.N. (ETR:EUZG) which gained 3.00% to close at 61.80.
The worst performers were Sartorius AG VZO O.N. (ETR:SATG_p) which was down 3.30% to 211.00 in late trade, SUSS MicroTec SE (ETR:SMHNn) which lost 3.19% to settle at 38.26 and Aixtron SE (ETR:AIXGn) which was down 2.60% to 12.16 at the close.
Falling stocks outnumbered advancing ones by 312 to 299 and 31 ended unchanged on the Frankfurt Stock Exchange.
The DAX New Volatility, which measures the implied volatility of DAX options, was down 1.17% to 20.24.
Gold Futures for August delivery was down 0.93% or 30.99 to $3,312.91 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 1.07% or 0.65 to hit $60.29 a barrel, while the August Brent oil contract fell 1.39% or 0.88 to trade at $62.47 a barrel.
EUR/USD was unchanged 0.15% to 1.13, while EUR/GBP unchanged 0.04% to 0.84.
The US Dollar Index Futures was up 0.15% at 99.36.