Germany's stock market finished Thursday in a mixed posture after a session of divergent sector performance. Gains in Technology, Utilities and Chemicals supported upward pressure, while losses in Software, Telecoms and Construction pushed a number of names lower.
At the close in Frankfurt the DAX added 0.06% to finish the session higher. The MDAX advanced 0.57%, while the TecDAX declined 1.29%.
Top movers on the DAX
- Siemens Energy AG (ETR:ENR1n) led the benchmark's winners, rising 6.00% - a gain of 8.32 points - to close at 147.00.
- RWE AG ST O.N. (ETR:RWEG) climbed 3.42% - up 1.90 points - to end at 57.50.
- Infineon Technologies AG NA O.N. (ETR:IFXGn) gained 2.61% - or 1.96 points - to finish at 77.06.
Largest decliners on the DAX
- SAP SE (ETR:SAPG) was the session's biggest loser on the index, sliding 6.55% - down 9.80 points - to close at 139.90.
- Deutsche Telekom AG Na (ETR:DTEGn) dropped 3.11% - a fall of 0.89 points - to settle at 27.74.
- Siemens Healthineers AG (ETR:SHLG) declined 1.99% - or 0.70 points - to end the day at 34.40.
MDAX highlights
- Hugo Boss AG NA O.N. (ETR:BOSSn) was the MDAX leader, jumping 9.05% to 39.76.
- Hochtief AG (ETR:HOTG) rose 4.63% to close at 483.60.
- Puma SE (ETR:PUMG) added 3.39% to finish at 27.79.
- On the downside, Nemetschek AG O.N. (ETR:NEKG) fell 6.85% to 57.10 in late trade, Kion Group AG (ETR:KGX) lost 4.47% to settle at 36.08 and RENK Group AG (ETR:R3NK) was down 3.67% to 48.63 at the close.
TecDAX movers
- Kontron AG (ETR:KTN) led TecDAX gains, up 5.80% to 23.70.
- Elmos Semiconductor AG (ETR:ELGG) increased 5.26% to 168.00.
- SUSS MicroTec SE (ETR:SMHNn) rose 4.70% to close at 93.65.
- Among the index's largest declines were Nemetschek AG O.N. (ETR:NEKG), down 6.85% to 57.10; SAP SE (ETR:SAPG), off 6.55% to 139.90; and Atoss Software AG (ETR:AOFG), lower by 4.50% to 74.30.
Broad market breadth was tilted slightly to the upside on the Frankfurt exchange. Rising stocks outnumbered decliners by 324 to 275, while 28 shares finished unchanged.
Certain names moved to fresh 52-week lows during the session. Nemetschek AG O.N. (ETR:NEKG) fell to 52-week lows, down 6.85% or 4.20 to 57.10, while Kion Group AG (ETR:KGX) also fell to 52-week lows, down 4.47% or 1.69 to 36.08.
Volatility, commodities and FX
The DAX volatility index, which measures the implied volatility of DAX options, was higher by 6.05% at 20.18.
In commodities trading, Gold Futures for August delivery was down 0.51% or 21.13 to $4,112.17 a troy ounce. Crude oil for delivery in July rose 0.82% or 0.74 to $90.77 a barrel, while the August Brent contract was up 0.26% or 0.24 to $93.34 a barrel.
On currency markets, EUR/USD was unchanged 0.23% at 1.15, while EUR/GBP was unchanged 0.02% at 0.86. The US Dollar Index Futures rose 0.32% to 100.25.
This session left the major German indices mixed, with discrete sector winners and losers producing a modest net rise for the DAX and stronger gains on the MDAX, while the TecDAX lagged.