German equities closed the week on a positive note Friday as gains in Software, Transportation & Logistics and Financial Services helped push benchmark indexes higher in Frankfurt.
At the close, the DAX rose 1.33%, the MDAX added 0.70% and the TecDAX advanced 1.84%.
On the DAX, SAP SE (ETR:SAPG) delivered the session's largest advance, jumping 9.26% or 11.88 points to finish at 140.20. Siemens Healthineers AG (ETR:SHLG) increased 3.03% or 1.03 points to close at 35.06, while Fresenius SE & Co KGAA O.N. (ETR:FREG) rose 2.22% or 0.95 points to end the day at 43.80.
Not all components participated in the rally. Volkswagen AG VZO O.N. (ETR:VOWG_p) declined 2.03% or 1.48 points to close at 71.46. Infineon Technologies AG NA O.N. (ETR:IFXGn) slipped 1.65% or 1.08 points to 64.41 and Adidas AG (ETR:ADSGn) fell 1.64% or 2.90 points to 173.60.
Mid-cap names on the MDAX also registered notable moves. Nemetschek AG O.N. (ETR:NEKG) led the index, climbing 6.03% to 57.15. Travel-related names outperformed as Tui AG NA (ETR:TUI1n) rose 3.87% to 6.92 and Deutsche Lufthansa AG (ETR:LHAG) advanced 3.60% to 8.76.
At the lower end of the MDAX, Bilfinger SE O.N. (ETR:GBFG) was the biggest decliner, dropping 4.45% to 81.55. Dr Ing hc F Porsche AG Preferred (ETR:P911_p) lost 3.55% to settle at 43.74 and Traton SE (ETR:8TRA) fell 2.22% to 39.60.
Technology-focused TecDAX movers included Atoss Software AG (ETR:AOFG), which climbed 9.81% to 76.10, SAP SE again higher on the session and Nemetschek among the winners with its 6.03% gain to 57.15. The weakest TecDAX names were SMA Solar Technology AG (ETR:S92G), down 2.24% to 56.85, Infineon (ETR:IFXGn) and Eckert & Ziegler AG O.N. (ETR:EUZG), which declined 1.41% to 13.30.
On aggregate, advancing issues outnumbered decliners on the Frankfurt exchange by 407 to 247, with 30 stocks unchanged at the close. Eckert & Ziegler's share price touched a 52-week low, falling 1.41% or 0.19 to 13.30.
Volatility rose alongside the market: the DAX volatility index, which reflects implied swings priced into DAX options, climbed 18.59% to 20.75, marking a one-month high.
Commodities showed mixed direction. Gold futures for August delivery were up 0.69% or 28.07, trading at 4,078.27 a troy ounce. Energy contracts moved lower: September delivery crude oil dropped 4.00% or 3.69 to $88.50 a barrel, while the September Brent contract fell 4.58% or 4.61 to $96.08 a barrel.
In foreign exchange, EUR/USD was effectively flat, changing 0.05% to 1.14, and EUR/GBP was unchanged at 0.85, moving 0.13%. The US Dollar Index Futures eased 0.09% to 101.19.
Market context and takeaways
- Software, transportation and travel-related stocks helped lift the DAX and TecDAX, with SAP and Nemetschek among the strongest contributors.
- Selected industrials, autos and semiconductor names underperformed, exerting some downward pressure on parts of the market.
- Volatility increased materially on the DAX options complex, reaching a one-month high, while global commodity prices diverged with oil falling and gold rising.