Germany Stocks Close Lower; DAX Down 1.06%

Germany’s stock market experienced a decline after Tuesday’s trading session, primarily driven by losses in various sectors.

By the end of trading in Frankfurt, the DAX index fell by 1.06%, reaching its lowest point in six months, while the MDAX dropped 1.85%, and the TecDAX lost 1.04%.

Among the notable gainers of the day was Henkel & Co KGaA AG, which saw an increase of 1.09%, or 0.74 points, closing at 68.32. Hannover Rueck SE added 0.10% or 0.20 points to reach 205.90, and Dr. Ing. hc F. Porsche AG Preferred rose by 0.07%, or 0.06 points, ending at 89.62.

Conversely, the significant decliners included Zalando SE, which fell 5.32% or 1.15 points, bringing its price down to 20.46. RWE AG ST O.N. saw a decrease of 3.85% or 1.31 points, closing at 32.73, while Siemens Energy AG lost 3.30% or 0.40 points, settling at 11.73.

In the MDAX, the standout performers were Nemetschek AG, which rose 2.28% to 60.10, Fresenius Medical Care KGAA ST, which increased by 0.32% to 40.67, and Hella KGaA Hueck & Co, up 0.15% to 68.80. The largest declines in this index came from Encavis AG, which dropped 8.12% to 11.82, Nordex SE, losing 6.16% to 10.59, and SMA Solar Technology AG, down 5.59% to 54.90.

Within the TecDAX, Nemetschek AG once again emerged as a top performer, rising 2.28% to 60.10, while Atoss Software AG increased by 1.02% to settle at 199.00. However, Sartorius AG VZO O.N. saw a slight decline of 0.16%, closing at 313.10. The worst performers included Morphosys AG, which fell 6.22% to 23.36, along with continuing losses from Nordex SE and SMA Solar Technology AG.

Overall, there were significantly more declining stocks than advancing ones on the Frankfurt Stock Exchange, with 497 stocks falling, 127 rising, and 103 remaining unchanged.

RWE AG ST O.N. shares hit a 52-week low, dropping 3.85%, while Encavis AG shares marked a three-year low with an 8.12% decline.

The implied volatility of DAX options, as measured by the VSTOXX index, rose 6.02%, reaching a new one-month high.

In commodities, December gold futures decreased by 0.40% to $1,839.75 per troy ounce. Conversely, crude oil for November delivery increased by 0.72% to $89.46 per barrel, and the December Brent oil contract rose 0.41%, reaching $91.08 per barrel.

In foreign exchange markets, the EUR/USD exchange rate remained relatively unchanged, while the EUR/GBP also saw little movement. The US Dollar Index futures increased by 0.18% to 106.80.