Germany's equity market closed Tuesday with a split performance across sectors, leaving the benchmark DAX marginally higher while pockets of weakness limited broader gains.
At the close in Frankfurt the DAX rose 0.12%, the MDAX gained 0.43% and the TecDAX slipped 0.68%. The DAX finished at 25,144.38, up 30.13 points.
Leading and lagging names
On the DAX, Brenntag AG (ETR:BNRGn) was the session's strongest performer among the large caps, advancing 2.40% to end at 59.66. Siemens Energy AG (ETR:ENR1n) added 2.28% to close at 154.12, and Zalando SE (ETR:ZALG) rose 2.10% to 27.75.
Conversely, Siemens Healthineers AG (ETR:SHLG) registered the steepest decline on the DAX, falling 3.57% to 34.29. SAP SE (ETR:SAPG) dropped 2.84% to 136.72 and Henkel & Co KGaA AG Pref (ETR:HNKG_p) slipped 2.01% to 73.14.
Mid- and small-cap movers
Within the MDAX, Delivery Hero AG (ETR:DHER) was the top gainer, up 5.76% to 39.10. Aurubis AG (ETR:NAFG) climbed 3.16% to 179.60 and Aixtron SE (ETR:AIXGn) rose 3.10% to 43.90.
Among the MDAX laggards, Carl Zeiss Meditec AG (ETR:AFXG) declined 9.76% to 28.48, Fraport AG (ETR:FRAG) lost 3.26% to 68.30 and Dr Ing hc F Porsche AG Preferred (ETR:P911_p) fell 2.47% to 43.50.
TecDAX performance
SMA Solar Technology AG (ETR:S92G) led the TecDAX gains, jumping 13.59% to 65.20. SUSS MicroTec SE (ETR:SMHNn) rose 4.83% to 87.90 and Aixtron SE (ETR:AIXGn) again featured among the winners with a 3.10% gain to 43.90.
On the downside, Evotec AG O.N. (ETR:EVTG) plunged 24.12% to 3.75, trading at five-year lows. Carl Zeiss Meditec AG (ETR:AFXG) and Siemens Healthineers AG (ETR:SHLG) also posted notable declines for the index, down 9.76% and 3.57% respectively.
Market breadth and volatility
Decliners outnumbered advancers on the Frankfurt exchange, with 361 stocks down versus 294 up and 37 unchanged. The DAX volatility index, which tracks implied volatility in DAX options, rose 5.37% to 18.04.
Commodities and currencies
Commodity markets showed upward momentum. Gold futures for August delivery were higher by 1.51%, up 60.62 to $4,066.32 a troy ounce. Crude oil for August delivery increased 1.89% to $79.62 a barrel, while the September Brent contract rose 2.56% to $85.43 a barrel.
In foreign-exchange trading, EUR/USD was effectively unchanged, moving 0.40% to 1.14, and EUR/GBP was unchanged, at 0.85, moving 0.14%. The US Dollar Index futures fell 0.32% to 100.72.
Takeaways
The session featured concentrated gains in certain sectors such as Retail, Utilities and Technology, but losses in Software, Construction and Pharmaceuticals & Healthcare restrained broader market advances. Notable individual moves included a sharp drop in Evotec shares to five-year lows and strong percentage gains among select technology and delivery-related names.