Frankfurt - German stocks closed mixed on Monday, with notable strength in technology and consumer-related segments offset by heavier selling among chemicals, construction and software companies.
At the final bell, the benchmark DAX fell 0.47%. The broader MDAX dipped 0.82%, while the TecDAX marginally rose 0.03%.
Leading movers on the DAX
- Adidas AG (ETR:ADSGN) paced gains on the main index, ending the session up 1.92% to finish at 164.55.
- Porsche Automobil Holding SE (ETR:PSHG_p) advanced 1.28% to 30.96.
- Infineon Technologies AG NA O.N. (ETR:IFXGn) rose 1.22% to close at 78.24.
Largest declines on the DAX
- BASF SE NA O.N. (ETR:BASFN) led losses, sliding 4.18% to 48.85.
- Heidelberg Materials AG (ETR:HEIG) dropped 3.63% to 172.75.
- Brenntag AG (ETR:BNRGn) fell 3.45% to end the session at 54.84.
MDAX and TecDAX movers
- On the MDAX, Aixtron SE (ETR:AIXGn) was among the best performers, up 3.33% to 56.46, while RTL Group SA (ETR:RRTL) gained 3.01% to 32.50 and Dr Ing hc F Porsche AG Preferred (ETR:P911_p) added 2.30% to 47.94.
- MDAX laggards included Aroundtown Property Holdings PLC (ETR:AT1), which slid 6.78% to 2.20, Lanxess AG (ETR:LXSG) down 6.34% to 15.21 and CTS Eventim AG (ETR:EVDG) off 5.34% to 51.40.
- On the TecDAX, Siltronic AG (ETR:WAFGn) climbed 4.98% to 95.85, 1&1 AG (ETR:1U1) rose 3.73% to 25.00 and Aixtron SE (ETR:AIXGn) again showed strength with a 3.33% gain to 56.46.
- Weakness on the TecDAX was led by Ottobock SE & Co KgaA (ETR:OBCK), down 5.85% to 51.50, SMA Solar Technology AG (ETR:S92G) which fell 4.19% to 57.20, and IONOS Group SE (ETR:IOSn) which lost 3.31% to 29.76.
Across the exchange, falling issues outnumbered advancers by 391 to 245, with 23 listed stocks unchanged at the close.
The DAX volatility index, a gauge of implied volatility in DAX options, eased 0.64% to 18.37, marking a new three-month low for the measure.
Commodities and FX moves cited in the session
- Gold futures for August delivery were little changed, up 0.03% to 4,366.65 per troy ounce.
- Crude oil futures rose - July delivery crude gained 1.06% to $91.50 a barrel, and the August Brent contract increased 1.69% to $94.66.
- In currency markets, EUR/USD was effectively flat, reported at 1.15, and EUR/GBP was unchanged near 0.87. The US Dollar Index Futures traded lower at 99.66, down 0.39%.
Volume and breadth metrics showed a market with mixed internals - while technology and consumer cyclicals provided uplift for portions of the market, heavier losses in chemicals, construction and software names contributed to the net decline for the DAX.
Market snapshot
| Index | Close | Change |
|---|---|---|
| DAX (DE40) | 24,641.85 | -0.47% |
| MDAX | -- | -0.82% |
| TecDAX | -- | +0.03% |
Investors monitored sector rotation within the market as some cyclical and tech names outperformed while other traditionally defensive or industrial sectors lagged.