Germany Stocks End Trading Session with Mixed Results; DAX Records 0.11% Increase

27 Dec, 2023

Germany Stocks End Trading Session with Mixed Results; DAX Records 0.11% Increase

In Germany, stock markets saw a mixed close on Tuesday. While Food & Beverages, Telecoms, and Utilities sectors boosted shares, Retail, Consumer & Cyclical, and Construction sectors faced losses. The DAX increased by 0.11%, but the MDAX dropped by 1.01%, and the TecDAX slightly declined by 0.03%.

The top performers on the DAX included Bayerische Motoren Werke AG, up 1.09%, Commerzbank AG, rising by 0.94%, and Qiagen NV, with an increase of 0.85%. Conversely, Zalando SE plummeted by 7.38%, Adidas AG fell 5.29%, and Siemens Energy AG declined by 1.01%.

In the MDAX, United Internet AG NA rose by 2.05%, Krones AG O.N. increased by 0.54%, while Stabilus gained 0.48%. However, Vitesco Technologies Group AG, Puma SE, and Delivery Hero AG were among the worst performers.

On the TecDAX, Morphosys AG O.N. surged by 5.73%, ADTRAN Holdings Inc rose by 2.64%, and Verbio Vereinigte Bioenergie AG increased by 2.09%. Atoss Software AG, Nagarro SE, and Nemetschek AG O.N. experienced declines.

The Frankfurt Stock Exchange saw an equal number of advancing and falling stocks. United Internet AG NA rose to 52-week highs. Additionally, the DAX volatility index decreased by 1.21%.

In commodities, Gold Futures slightly rose to $2,070.05 per troy ounce, while Crude oil for February delivery surged to $75.94 a barrel, and March Brent oil contract traded at $81.25 a barrel.

EUR/USD remained steady at 1.10, EUR/GBP was unchanged at 0.87, and the US Dollar Index Futures was down at 101.23 by 0.10%.