Summary: German equities finished the session higher on Monday, with the DAX up 1.59% to record a new all-time high. The advance was led by gains in telecoms, software and consumer discretionary stocks. The MDAX and TecDAX also posted strong increases, while commodities, particularly crude oil, retraced sharply. Market breadth favored advancers and the DAX volatility gauge eased.
Market close
At the Frankfurt close, the DAX rose 1.59% to mark a new record high. The MDAX added 1.64% and the TecDAX climbed 3.48% as heavyweight and mid-cap names pushed European trading higher.
Top movers on the DAX
- Siemens Healthineers AG (ETR:SHLG) led the index, finishing up 6.10% or 2.25 points at 39.11.
- Deutsche Telekom AG Na (ETR:DTEGn) rose 4.93% or 1.32 points to end at 28.08.
- SAP SE (ETR:SAPG) climbed 4.41% or 6.96 points to close at 164.64.
Lagging DAX names
- Bayer AG NA (ETR:BAYGn) was the biggest decliner on the index, down 1.94% or 0.93 points to 47.12.
- Beiersdorf AG O.N. (ETR:BEIG) slipped 1.93% or 1.56 points to finish at 79.16.
- Deutsche Post AG NA O.N. (ETR:DHLn) eased 0.62% or 0.36 points to 57.40.
MDAX and TecDAX snapshots
Among MDAX constituents, Hensoldt Ag (ETR:HAGG) jumped 8.25% to 86.34, TeamViewer AG (ETR:TMV) advanced 6.26% to 6.37 and AUTO1 Group SE (ETR:AG1G) gained 4.25% to close at 23.54. The weakest MDAX stocks included K+S AG (ETR:SDFGn), down 0.96% to 14.42, Puma SE (ETR:PUMG), which lost 0.65% to 27.32, and flatexDEGIRO AG (ETR:FTKn), off 0.61% at 36.08.
On the TecDAX, the top performers mirrored some DAX winners: Hensoldt Ag (ETR:HAGG) rose 8.25% to 86.34, TeamViewer AG (ETR:TMV) added 6.26% to 6.37 and Siemens Healthineers AG (ETR:SHLG) gained 6.10% to end at 39.11. The weakest TecDAX names included Kontron AG (ETR:KTN), down 4.92% to 21.26, 1&1 AG (ETR:1U1), which lost 1.32% to 19.50, and SMA Solar Technology AG (ETR:S92G), off 1.14% to 52.25.
Breadth and volatility
Advancing issues outnumbered decliners on the Frankfurt exchange by 470 to 207, with 32 stocks unchanged. The DAX volatility index, a measure of implied volatility on DAX options, fell 4.70% to 17.27.
Commodities and FX
Precious metals and energy moved lower during the session. Gold futures for December delivery declined 0.37% or 15.20 to $4,091.80 a troy ounce. In energy markets, crude oil for September delivery fell 5.93% or 5.02 to $79.65 a barrel, while the October Brent contract lost 4.79% or 4.21 to trade at $83.72 a barrel.
Currency pairs were relatively steady: EUR/USD was unchanged 0.16% at 1.15 and EUR/GBP was unchanged 0.19% at 0.86. The US Dollar Index Futures was up 0.01% at 99.80.
What this means
Monday's session saw technology-related and telecom stocks provide much of the upward momentum, helping the benchmark DAX close at a new record. At the same time, commodity prices, led by weaker oil, moved lower. Volatility on the DAX eased, and market breadth skewed positive, with more than double the number of advancing stocks versus decliners on the Frankfurt exchange.
Data presented reflect closing prices and percentage moves reported for the session.