Germany's main equity gauges ended Monday's session in the red, pressured by sectoral declines that pushed the DAX down and left both the MDAX and TecDAX weaker at the close in Frankfurt.
Market close
The DAX fell 0.83% to close at a new three-month low. The MDAX retreated 1.94%, while the TecDAX slid 1.14% by the end of trading.
Leaders and laggards on the DAX
- Bayer AG NA (ETR:BAYGN) was the session's top gainer on the DAX, climbing 3.30% or 1.20 points to finish at 37.59.
- GEA Group AG (ETR:G1AG) added 2.05% or 1.25 points to close at 62.10.
- Rheinmetall AG (ETR:RHMG) rose 2.04% or 32.50 points to end at 1,625.00.
- Continental AG O.N. (ETR:CONG) led losses, dropping 4.22% or 2.68 points to 60.84.
- Beiersdorf AG O.N. (ETR:BEIG) declined 3.71% or 3.12 points to 80.98, marking a move to three-year lows.
- Vonovia SE (ETR:VNAn) fell 3.22% or 0.83 points to 24.97.
MDAX movers
- Hensoldt Ag (ETR:HAGG) led gainers on the MDAX, rising 4.68% to 77.15.
- K+S AG (ETR:SDFGn) gained 4.05% to settle at 15.67.
- flatexDEGIRO AG (ETR:FTKn) added 1.12% to close at 32.60.
- Aroundtown Property Holdings PLC (ETR:AT1) was the weakest, down 7.99% to 2.49 in late trade.
- Deutsche Lufthansa AG (ETR:LHAG) slipped 6.38% to 7.60.
- Tag Immobilien AG (ETR:TEGG) lost 5.03% to finish at 14.55.
TecDAX movers
- Hensoldt Ag (ETR:HAGG) also led upside on the TecDAX, rising 4.68% to 77.15.
- Nagarro SE (ETR:NA9n) added 0.47% to settle at 53.90.
- Elmos Semiconductor AG (ETR:ELGG) gained 0.43% to close at 140.00.
- Jenoptik AG (ETR:JENGn) was among the biggest decliners on the index, down 3.52% to 26.88.
- United Internet AG NA (ETR:UTDI) lost 3.49% to end at 27.08.
- Ottobock SE & Co KgaA (ETR:OBCK) fell 3.21% to 55.75.
Market breadth and notable readings
Decliners outnumbered advancers on the Frankfurt Stock Exchange by 469 to 158, while 26 issues finished unchanged. Beiersdorf's shares moved to three-year lows, closing down 3.71% at 80.98.
The DAX volatility index, which measures the implied volatility of DAX options, rose 7.88% to 28.37, marking a six-month high.
Commodities and energy
Gold futures for April delivery fell 0.91% or 46.70 to $5,112.00 a troy ounce. In energy markets, crude oil for April delivery climbed 4.39% or 3.99 to $94.89 a barrel, while the May Brent contract increased 7.57% or 7.02 to trade at $99.71 a barrel.
Foreign exchange and broader indicators
EUR/USD was reported unchanged at 0.27% to 1.16, and EUR/GBP unchanged at 0.12% to 0.87. The US Dollar Index Futures rose 0.10% to 99.08.
Monday's session left benchmark German indices lower, with sector-level weakness concentrated in Construction, Consumer & Cyclical and Transportation & Logistics. Volatility showed an uptick as commodity prices moved unevenly, with oil notably higher and gold lower. Market breadth favored declines and several mid- and large-cap names posted significant single-day moves.