Germany's equity market delivered a mixed performance at Wednesday's close in Frankfurt, with sector-level winners unable to prevent the DAX from slipping 0.86% for the session. The MDAX rose 0.23%, while the TecDAX lost 1.08% as selling pressure concentrated in certain technology and telecom names.
Major index moves
- The DAX declined 0.86% at the close.
- The MDAX index added 0.23%.
- The TecDAX index fell 1.08%.
Top performers on the DAX
- Heidelberg Materials AG (ETR:HEIG) rose 2.50% or 4.20 points to close at 172.20.
- Deutsche Post AG NA O.N. (ETR:DHLn) gained 1.57% or 0.70 points to finish at 45.36.
- Siemens Energy AG (ETR:ENR1n) climbed 1.50% or 2.25 points to end the day at 152.10.
Lagging names on the DAX
- SAP SE (ETR:SAPG) was the session's weakest DAX stock, falling 2.89% or 4.80 points to 161.44 at the close.
- Deutsche Telekom AG Na (ETR:DTEGn) declined 2.72% or 0.91 points to 32.54.
- Munich Reinsurance (ETR:MUVGn) slipped 2.67% or 14.80 points to finish at 538.60.
MDAX movers
- Fielmann AG (ETR:FIEG) was the top MDAX gainer, up 4.11% to 44.35.
- Aumovio Se (ETR:AMV0n) rose 3.45% to settle at 37.80.
- Thyssenkrupp AG O.N. (ETR:TKAG) gained 3.44% to close at 8.37.
The weakest MDAX stocks included Wacker Chemie O.N. (ETR:WCHG), which fell 7.81% to 74.95 in late trade; Redcare Pharmacy NV (ETR:RDC), down 7.66% to 37.62; and TeamViewer AG (ETR:TMV), which declined 3.81% to 4.45 at the close.
TecDAX highlights
- Hensoldt Ag (ETR:HAGG) led gains on the TecDAX, rising 2.25% to 84.00.
- Draegerwerk VZO O.N. (ETR:DRWG_p) added 2.08% to settle at 88.30.
- SUSS MicroTec SE (ETR:SMHNn) increased 1.50% to close at 60.90.
On the downside, TeamViewer AG (ETR:TMV) was among the worst performers on the TecDAX with a 3.81% drop to 4.45. Ottobock SE & Co KgaA (ETR:OBCK) fell 3.49% to 52.60 and 11 AG (ETR:1U1) declined 3.00% to 22.65.
Market breadth and notable price milestones
Decliners outpaced advancers on the Frankfurt Stock Exchange by 378 to 248, with 31 stocks unchanged.
- SAP SE (ETR:SAPG) fell to 52-week lows, losing 2.89% or 4.80 to 161.44.
- Redcare Pharmacy NV (ETR:RDC) fell to 5-year lows, down 7.66% or 3.12 to 37.62.
- TeamViewer AG (ETR:TMV) declined to 5-year lows, down 3.81% or 0.18 to 4.45.
- Ottobock SE & Co KgaA (ETR:OBCK) fell to all-time lows, losing 3.49% or 1.90 to 52.60.
- SUSS MicroTec SE (ETR:SMHNn) rose to 52-week highs, up 1.50% or 0.90 to 60.90.
Volatility and commodities
The DAX volatility index, which measures the implied volatility of DAX options, declined 5.42% to 25.52.
In commodities trading, Gold Futures for April delivery were down 2.32% or 115.99 to $4,892.21 a troy ounce. Crude oil for May delivery rose 1.81% or 1.73 to $97.26 a barrel, while the May Brent oil contract gained 5.19% or 5.37 to trade at $108.79 a barrel.
FX and dollar moves
- EUR/USD was reported unchanged 0.28% to 1.15.
- EUR/GBP was reported unchanged 0.09% to 0.86.
- The US Dollar Index Futures was up 0.30% at 99.63.
Overall, the session reflected mixed investor sentiment across sectors, with transportation, food & beverages and select industrial and energy names supporting headline indices even as software, construction and telecoms exerted downward pressure.