Frankfurt - Germany's equity benchmarks ended the trading day in positive territory on Monday, with the DAX closing up 1.30% and both the MDAX and TecDAX also registering gains.
At the close in Frankfurt, the DAX added 1.30%, the MDAX rose 0.58%, and the TecDAX increased 1.40%.
Top and bottom movers on the DAX
The strongest performer on the DAX was SAP SE (ETR:SAPG), which climbed 7.90% - a rise of 11.08 points - to finish at 151.28. Scout24 AG (ETR:G24n) advanced 4.82% or 3.30 points to close at 71.70, while Zalando SE (ETR:ZALG) was up 4.12% or 1.13 points to end the day at 28.57.
On the downside, Infineon Technologies AG NA O.N. (ETR:IFXGn) was the weakest DAX name, falling 4.53% or 2.92 points to trade at 61.49 at the close. RWE AG ST O.N. (ETR:RWEG) slipped 2.55% or 1.50 points to finish at 57.30, and E.ON SE (ETR:EONGn) declined 2.50% or 0.49 points to close at 19.10.
MDAX movers
Among MDAX constituents, IONOS Group SE (ETR:IOSn) led gains, rising 5.62% to 32.68. Nemetschek AG O.N. (ETR:NEKG) was up 4.99% to settle at 60.00, and CTS Eventim AG (ETR:EVDG) gained 4.80% to close at 58.95.
On the flip side, Aixtron SE (ETR:AIXGn) declined 4.77% to 38.31 in late trade, Nordex SE O.N. (ETR:NDXG) lost 3.70% to settle at 38.56, and Wacker Chemie O.N. (ETR:WCHG) was down 3.27% to 85.75 at the close.
TecDAX highlights
The TecDAX's best performers included Atoss Software AG (ETR:AOFG), which jumped 9.86% to 83.60, SAP SE (ETR:SAPG) which, as noted above, rose 7.90% to 151.28, and IONOS Group SE (ETR:IOSn) which added 5.62% to close at 32.68.
Elsewhere among late-session losers, SUSS MicroTec SE (ETR:SMHNn) fell 6.13% to 74.30, Elmos Semiconductor AG (ETR:ELGG) lost 5.40% to settle at 150.60, and Siltronic AG (ETR:WAFGn) declined 5.36% to 78.50.
Market breadth and milestones
Advancers outnumbered decliners on the Frankfurt Stock Exchange, with 389 stocks rising and 274 declining, while 31 ended the session unchanged. Shares of Zalando SE (ETR:ZALG) rose to 52-week highs, increasing 4.12% or 1.13 to 28.57.
The DAX volatility index - a gauge of implied volatility in DAX options - fell 11.52% to 18.36 at the close.
Commodities, currencies and other indicators
On the commodities front, Gold Futures for August delivery were up 0.25% or 10.00 to $4,080.80 a troy ounce. Crude oil for September delivery fell 6.66% or 5.95 to $83.36 a barrel, while the October Brent contract dropped 5.57% or 5.11 to trade at $86.57 a barrel.
In currency markets, EUR/USD was effectively unchanged at 1.14, a move labelled 0.07% in the session, and EUR/GBP was unchanged at 0.86, a 0.23% figure as reported. The US Dollar Index Futures was unchanged at 101.30, recorded as 0.00%.
What this means
Software, media and telecom names provided upward momentum for the benchmark indices, while several industrial, semiconductor and utility names weighed on the market. Commodity markets showed mixed signals: a small uptick in gold contrasted with notable weakness in crude oil contracts. Currency measures were broadly steady into the close.