Stock Markets February 6, 2026

Frankfurt closes mixed as DAX climbs on tech and industrial strength

Technology, industrials and food & beverages support gains while construction and chemicals lag; volatility ticks higher amid commodity moves

By Marcus Reed
Frankfurt closes mixed as DAX climbs on tech and industrial strength

Germany's equity market ended mixed on Friday. The DAX rose 0.93% as advances in Technology, Industrials and Food & Beverages outpaced declines in Construction, Chemicals and Telecoms. Market breadth favored gainers, volatility on DAX options hit a one-month high, and several key commodities moved higher.

Key Points

  • DAX rose 0.93% with Technology, Industrials and Food & Beverages leading gains; Construction, Chemicals and Telecoms lagged.
  • Market breadth favored advancers 374 to 260 with 22 shares unchanged; Zalando hit a 52-week low while Elmos Semiconductor reached an all-time high.
  • DAX volatility index jumped 10.62% to 20.88; gold, WTI and Brent futures all moved higher during the session.

Germany's stock market finished the Friday session with mixed outcomes as sector-level strength in Technology, Industrials and Food & Beverages pushed some benchmarks higher while losses in Construction, Chemicals and Telecoms weighed on others.

At the close in Frankfurt, the DAX increased 0.93%. The MDAX also advanced, ending the day up 0.69%, while the TecDAX finished down 0.17%.


Top movers on the DAX

  • Siemens Energy AG (ETR:ENR1n) led the gains on the DAX, rising 4.22% - a 6.15-point increase - to close at 152.00.
  • Heidelberg Materials AG (ETR:HEIG) added 2.47% - up 5.20 points - to finish at 215.40.
  • Siemens AG Class N (ETR:SIEGn) climbed 2.45% - a 6.00-point gain - to end the session at 250.50.

Largest decliners on the DAX

  • Siemens Healthineers AG (ETR:SHLG) fell 2.82% - down 1.20 points - to close at 41.40.
  • Zalando SE (ETR:ZALG) declined 2.25% - a 0.49-point drop - to 21.29.
  • BASF SE NA O.N. (ETR:BASFN) slid 1.87% - down 0.92 points - to 48.18.

MDAX and TecDAX highlights

On the MDAX, RENK Group AG (ETR:R3NK) was the top performer, rising 5.37% to 54.39. Thyssenkrupp AG O.N. (ETR:TKAG) gained 4.30% to settle at 11.65, and Hochtief AG (ETR:HOTG) climbed 4.22% to 365.60.

By contrast, Bechtle AG (ETR:BC8G) suffered the steepest drop on the MDAX, sliding 9.52% to 38.00 in late trade. Redcare Pharmacy NV (ETR:RDC) lost 6.37% to finish at 64.65, while Lanxess AG (ETR:LXSG) fell 3.25% to 19.32.

On the TecDAX, Elmos Semiconductor AG (ETR:ELGG) led the risers, gaining 2.98% to 117.40. Siltronic AG (ETR:WAFGn) rose 2.96% to 52.15 and SUSS MicroTec SE (ETR:SMHNn) added 2.57% to close at 46.32.

Among the TecDAX decliners were Bechtle AG (ETR:BC8G) - which was also a top loser on the MDAX - down 9.52% to 38.00. Cancom SE O.N. (ETR:COKG) lost 4.02% to 25.05, and Nagarro SE (ETR:NA9n) retreated 3.34% to 60.85.


Market breadth and notable price milestones

Rising issues outnumbered decliners on the Frankfurt Stock Exchange by 374 to 260, while 22 stocks finished unchanged.

Two price milestones were recorded during the session. Shares of Zalando SE (ETR:ZALG) dropped to 52-week lows, falling 2.25% or 0.49 to 21.29. Conversely, Elmos Semiconductor AG (ETR:ELGG) advanced to an all-time high, gaining 2.98% or 3.40 to 117.40.


Volatility, currencies and commodities

The DAX volatility index - which measures the implied volatility of DAX options - climbed 10.62% to 20.88, marking a new one-month high for that gauge.

In commodities trading, April delivery Gold Futures rose 1.85% - up 90.56 - to $4,980.06 a troy ounce. Crude oil for March delivery increased 1.47% or 0.93 to $64.22 a barrel, while the April Brent contract gained 1.52% or 1.03 to trade at $68.58 a barrel.

On the foreign exchange front, EUR/USD was reported unchanged 0.31% to 1.18, while EUR/GBP was unchanged 0.22% to 0.87. The US Dollar Index Futures was down 0.19% at 97.52.


Promotional note carried in the original bulletin

The bulletin included a promotional passage asking about investment opportunities in 2026 and describing a product named InvestingPro+ that combines institutional-grade data with AI-powered insights, concluding with the line "Ask WarrenAI, then decide." That text was part of the original market report.

This report presents market moves and price data as observed at the close in Frankfurt and in related markets; it does not provide investment recommendations.

Risks

  • Elevated implied volatility in DAX options indicates higher price uncertainty for equities - this affects investors in German large-cap stocks and options traders.
  • Notable declines in individual industrial and technology-related names could signal idiosyncratic company risk in sectors such as Construction, Chemicals and Telecoms.
  • Commodity price moves (gold and crude) and currency fluctuations may introduce additional market and macro uncertainty that can affect export-sensitive sectors and currency-exposed firms.

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