Stock Markets February 12, 2026

Frankfurt session ends with modest losses as DAX dips 0.11%

Transport, retail and tech names weigh on indices as select large-caps post mixed moves

By Maya Rios
Frankfurt session ends with modest losses as DAX dips 0.11%

German equities closed lower on Thursday, with the benchmark DAX down 0.11% at the end of trading. Sector pressure came from Transportation & Logistics, Retail and Technology stocks. The MDAX and TecDAX also fell, led by notable declines among mid-cap and tech-related listings, while several large-cap names recorded gains.

Key Points

  • DAX closed down 0.11% while the MDAX and TecDAX fell 1.73% and 0.21%, respectively, with pressure from Transportation & Logistics, Retail and Technology sectors.
  • Top DAX gainers included Deutsche Telekom AG Na (ETR:DTEGn), Continental AG O.N. (ETR:CONG) and Hannover Rueck SE (ETR:HNRGn); notable decliners included Heidelberg Materials AG (ETR:HEIG), Scout24 AG (ETR:G24n) and Deutsche Post AG NA O.N. (ETR:DHLn).
  • Macro and market indicators showed low change in major FX pairs and small moves in volatility, while commodities slid with gold and crude oil both down.

German share prices finished in negative territory on Thursday, with selling concentrated in Transportation & Logistics, Retail and Technology sectors, according to closing figures from the Frankfurt market.

At the close, the DAX slipped 0.11%. The MDAX registered a larger move to the downside, losing 1.73%, while the TecDAX eased 0.21%.

Leading movers on the DAX

Among DAX constituents, Deutsche Telekom AG Na (ETR:DTEGn) was the session's strongest performer, rising 6.09% to finish at 32.22. Continental AG O.N. (ETR:CONG) also climbed, adding 2.90% to close at 73.06, and Hannover Rueck SE (ETR:HNRGn) advanced 2.63% to end the day at 250.20.

Conversely, Heidelberg Materials AG (ETR:HEIG) recorded the steepest fall on the DAX, sliding 11.01% to close at 189.90. Scout24 AG (ETR:G24n) declined 6.12% to 67.55, while Deutsche Post AG NA O.N. (ETR:DHLn) finished down 4.88% at 48.78.

MDAX and TecDAX movers

On the MDAX, Fielmann AG (ETR:FIEG) was the top gainer, rising 6.92% to 44.05. Redcare Pharmacy NV (ETR:RDC) rose 2.94% to 68.35 and Tag Immobilien AG (ETR:TEGG) gained 2.08% to close at 15.74.

The MDAX laggards included Thyssenkrupp AG O.N. (ETR:TKAG), which fell 12.22% to 10.77, AUTO1 Group SE (ETR:AG1G) which lost 11.64% to settle at 19.21, and Aroundtown Property Holdings PLC (ETR:AT1) which retreated 10.10% to 2.74.

Within the TecDAX roster, Deutsche Telekom AG Na (ETR:DTEGn) again featured among the leaders with a 6.09% gain to 32.22. Freenet AG NA (ETR:FNTGn) rose 1.46% to 33.26 and Siemens Healthineers AG (ETR:SHLG) added 0.65% to close at 40.36.

Technology names that underperformed included Siltronic AG (ETR:WAFGn) which dropped 11.23% to 51.40, Carl Zeiss Meditec AG (ETR:AFXG) which lost 5.97% to finish at 25.50, and SMA Solar Technology AG (ETR:S92G) which closed down 5.79% at 32.84.

Market breadth and notable stock levels

Decliners outnumbered advancers on the Frankfurt Stock Exchange by 386 to 229, while 30 issues finished unchanged.

There were several notable price milestones: Continental AG O.N. (ETR:CONG) rose to a three-year high, closing at 73.06. Scout24 AG (ETR:G24n) fell to a 52-week low at 67.55. Carl Zeiss Meditec AG (ETR:AFXG) declined to a five-year low, ending at 25.50.

Volatility, commodities and currencies

The DAX volatility index, which measures implied volatility in DAX options, was down 0.05% to 17.58.

In commodities, Gold Futures for April delivery fell 2.40% or 122.39 to trade at 4,976.11 per troy ounce. Crude oil for March delivery slid 2.74% or 1.77 to $62.86 a barrel, and the April Brent contract dropped 2.64% or 1.83 to $67.57 a barrel.

In currency markets, EUR/USD was effectively unchanged at 1.19, shifting by 0.04%, while EUR/GBP also showed little movement, unchanged by 0.05% at 0.87. The US Dollar Index Futures rose 0.13% to 96.85.


These closing figures reflect the day's trading activity without attributing causes beyond the movements and levels reported. Market participants monitoring German equity, commodity and currency moves may find the session's mix of large-cap gains and broader index weakness noteworthy for positioning and risk assessment.

Risks

  • Broad market weakness reflected by the greater number of decliners (386) versus advancers (229), which could signal continued pressure in sectors such as Transportation & Logistics, Retail and Technology.
  • Significant single-stock declines in MDAX and TecDAX components (for example Thyssenkrupp AG and Siltronic AG) highlight concentrated downside risk within industrials and technology-related names.
  • Large moves in commodity prices, including sizeable declines in gold and crude oil, could increase volatility in commodity-sensitive sectors and related equities.

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