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Germany shares mixed at close of trade; DAX up 0.57%

Published 28-08-2024, 09:35 pm
© Reuters.  Germany shares mixed at close of trade; DAX up 0.57%
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Investing.com – Germany equities were mixed at the close on Wednesday, as gains in the DAX Insurance, DAX Food & Beverage and DAX Chemicals sectors led shares higher while losses in the DAX Construction, DAX Retail and DAX Media sectors led shares lower.

At the close in Frankfurt, the DAX rose 0.57% to hit a new 3-month high, while the MDAX index lost 0.29%, and the TecDAX index added 0.32%.

The biggest gainers of the session on the DAX were Symrise AG Inh. O.N. (ETR:SY1G), which rose 3.30% or 3.75 points to trade at 117.45 at the close. Covestro AG (ETR:1COV) added 3.08% or 1.66 points to end at 55.50 and Muench. Rueckvers. VNA O.N. (ETR:MUVGn) was up 1.83% or 8.80 points to 490.30 in late trade.

Biggest losers included Zalando SE (ETR:ZALG), which fell 2.60% or 0.64 points to trade at 23.99 in late trade. Bayerische Motoren Werke AG (ETR:BMWG) declined 1.46% or 1.24 points to end at 83.54 and Mercedes Benz Group AG (ETR:MBGn) down 0.67% or 0.42 points to 62.14.

The top performers on the MDAX were Aroundtown Property Holdings PLC (ETR:AT1) which rose 5.24% to 2.39, Hensoldt Ag (ETR:HAGG) which was up 4.48% to settle at 34.48 and Hochtief AG (ETR:HOTG) which gained 1.27% to close at 111.90.

The worst performers were Evotec AG O.N. (ETR:EVTG) which was down 5.40% to 6.39 in late trade, Stabilus (ETR:STM1) which lost 3.48% to settle at 38.80 and Hugo Boss AG NA O.N. (ETR:BOSSn) which was down 3.15% to 38.70 at the close.

The top performers on the TecDAX were Hensoldt Ag (ETR:HAGG) which rose 4.48% to 34.48, 11 AG (ETR:1U1) which was up 1.41% to settle at 14.34 and Siemens Healthineers AG (ETR:SHLG) which gained 1.40% to close at 52.14.

The worst performers were Evotec AG O.N. (ETR:EVTG) which was down 5.40% to 6.39 in late trade, Energiekontor AG (ETR:EKTG) which lost 2.43% to settle at 56.30 and Atoss Software AG (ETR:AOFG) which was down 2.39% to 138.60 at the close.

Falling stocks outnumbered advancing ones by 325 to 276 and 32 ended unchanged on the Frankfurt Stock Exchange.

Shares in Symrise AG Inh. O.N. (ETR:SY1G) rose to 52-week highs; gaining 3.30% or 3.75 to 117.45. Shares in Covestro AG (ETR:1COV) rose to 52-week highs; rising 3.08% or 1.66 to 55.50. Shares in Muench. Rueckvers. VNA O.N. (ETR:MUVGn) rose to all time highs; gaining 1.83% or 8.80 to 490.30. Shares in Stabilus (ETR:STM1) fell to 3-year lows; down 3.48% or 1.40 to 38.80. Shares in Hochtief AG (ETR:HOTG) rose to 3-year highs; up 1.27% or 1.40 to 111.90. Shares in Energiekontor AG (ETR:EKTG) fell to 52-week lows; losing 2.43% or 1.40 to 56.30.

The DAX New Volatility, which measures the implied volatility of DAX options, was down 1.55% to 14.16.

Gold Futures for December delivery was down 0.50% or 12.65 to $2,540.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 1.01% or 0.76 to hit $74.77 a barrel, while the November Brent oil contract fell 1.06% or 0.83 to trade at $77.83 a barrel.

EUR/USD was down 0.58% to 1.11, while EUR/GBP unchanged 0.02% to 0.84.

The US Dollar Index Futures was up 0.50% at 100.96.

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