Germany's stock market closed higher on Friday, with gains concentrated in Utilities, Technology and Industrials as investors pushed the DAX to a new record. At the end of trading in Frankfurt the DAX added 0.85% and the MDAX rose 1.38%, while the TecDAX finished up 0.32%.
Among the largest movers on the DAX, E.ON SE (ETR:EONGn) led the list of advancers, climbing 4.38% or 0.81 points to finish at 19.17. Siemens AG Class N (ETR:SIEGn) gained 2.60% or 7.20 points to close at 284.10, and GEA Group AG (ETR:G1AG) advanced 2.34% or 1.45 points to 63.30 in late trade.
On the downside, Scout24 AG (ETR:G24n) lost 2.01% or 1.50 points to end at 73.00. Rheinmetall AG (ETR:RHMG) fell 1.94% or 21.60 points to close at 1,093.40, and SAP SE (ETR:SAPG) slipped 1.47% or 2.08 points to 139.64.
The MDAX posted several strong performers as well. Aixtron SE (ETR:AIXGn) climbed 5.98% to 49.28, Thyssenkrupp AG O.N. (ETR:TKAG) rose 5.85% to settle at 12.03 and Bilfinger SE O.N. (ETR:GBFG) added 5.49% to finish at 88.35. Among MDAX laggards, Nordex SE O.N. (ETR:NDXG) fell 2.11% to 45.52, Sartorius AG VZO O.N. (ETR:SATG_p) declined 1.95% to 226.60 and Hensoldt Ag (ETR:HAGG) was down 1.79% to 75.58 at the close.
TecDAX participants also saw meaningful moves. Siltronic AG (ETR:WAFGn) led gains in that index, jumping 9.60% to 92.50. Aixtron (ETR:AIXGn) again featured among top performers with its 5.98% advance to 49.28, and SUSS MicroTec SE (ETR:SMHNn) added 5.73% to close at 88.60.
Rising stocks outnumbered decliners on the Frankfurt exchange by 419 to 231, with 33 shares finishing unchanged. Shares of Siemens AG Class N (ETR:SIEGn) reached all-time highs during the session, rising to 284.10 after a 2.60% gain.
Market volatility, as measured by the DAX volatility index that reflects implied volatility on DAX options, eased 3.11% to 16.04, marking a fresh three-month low for that gauge.
Commodities showed mixed action. Gold futures for August delivery were higher, up 1.23% or 50.71 to $4,176.41 a troy ounce. Crude oil for August delivery was unchanged at $68.69 a barrel, while the September Brent contract gained 0.32% or 0.23 to trade at $72.03 a barrel.
In currency markets EUR/USD was effectively unchanged, moving 0.03% to 1.14, and EUR/GBP was also steady, up 0.02% to 0.86. The US Dollar Index futures were unchanged at 100.62.
For the session the headline DAX climbed to a new closing high and displayed a 0.85% gain. The index reading reflected a broad uptick across several sectors, with particular strength in Utilities, Technology and Industrials contributing to the advance.
Closing snapshot (selected):
- DAX - added 0.85% to a fresh all-time closing high.
- MDAX - rose 1.38%.
- TecDAX - up 0.32%.
- Advancers vs decliners on the Frankfurt exchange - 419 vs 231, with 33 unchanged.
- DAX volatility index - down 3.11% to 16.04 (three-month low).
The session's price action left several individual large- and mid-cap names notably higher, while a subset of software, defence and digital services stocks finished lower. Traders and investors will enter the next session with the DAX at record closing levels and a lower implied volatility backdrop.