Frankfurt - German stocks finished the trading session higher on Wednesday as several defensive and consumer-oriented sectors outperformed. The DAX closed up 0.62%, the MDAX gained 0.60% and the TecDAX advanced 0.26%.
Session leaders and laggards
On the DAX, the top risers included Siemens Energy AG (ETR:ENR1n), which ended the day 3.10% higher, up 4.12 points to 137.12. RWE AG ST O.N. (ETR:RWEG) climbed 2.81%, adding 1.64 points to close at 59.92, and Symrise AG Inh. O.N. (ETR:SY1G) rose 2.30%, gaining 2.06 points to finish at 91.46.
Conversely, the weakest DAX names featured Volkswagen AG VZO O.N. (ETR:VOWG_p), down 2.64% or 2.14 points to 78.88 at the close. Mercedes Benz Group AG (ETR:MBGn) declined 2.57%, losing 1.20 points to end at 45.37, and Commerzbank AG O.N. (ETR:CBKG) slipped 2.40%, down 1.02 points to 41.45.
MDAX and TecDAX movers
On the MDAX, Redcare Pharmacy NV (ETR:RDC) led gains with a 3.55% increase to 54.00. CTS Eventim AG (ETR:EVDG) advanced 2.97% to settle at 57.20, while Wacker Chemie O.N. (ETR:WCHG) added 2.72% to close at 88.65.
The MDAX session's weakest names included RENK Group AG (ETR:R3NK), which fell 2.15% to 40.72 in late trade; Bechtle AG (ETR:BC8G), which lost 2.03% to settle at 34.72; and flatexDEGIRO AG (ETR:FTKn), which declined 1.78% to finish at 29.88.
On the TecDAX, SUSS MicroTec SE (ETR:SMHNn) led with a 3.97% gain to 66.80. Elmos Semiconductor AG (ETR:ELGG) rose 3.25% to 139.80 and Jenoptik AG (ETR:JENGn) increased 3.20% to close at 38.70.
Additional decliners and breadth
Separately, Cancom SE O.N. (ETR:COKG) fell 2.61% to 22.35 in late trade. Bechtle AG (ETR:BC8G) and Eckert & Ziegler AG O.N. (ETR:EUZG) were also among the laggards, with EUZG down 1.88% to 12.03 at the close.
Rising stocks outnumbered decliners on the Frankfurt Stock Exchange by 380 to 289, while 74 shares finished unchanged.
Notable 52-week lows
Shares in RENK Group AG (ETR:R3NK) dropped to 52-week lows, falling 2.15% or 0.90 to 40.72. Eckert & Ziegler AG O.N. (ETR:EUZG) also hit a 52-week low, down 1.88% or 0.23 to 12.03.
Volatility, commodities and FX movers
The DAX volatility index, which measures implied volatility of DAX options, rose 4.43% to 19.93, marking a new 1-month high.
In commodities, Gold Futures for December delivery were up 1.31% or 56.67 to $4,389.47 a troy ounce. Crude oil contracts moved lower: October WTI fell 3.26% or 3.45 to $102.38 a barrel, while the November Brent contract dropped 3.03% or 3.30 to $105.45 a barrel.
On the currency front, EUR/USD was virtually unchanged, moving 0.04% to 1.15, and EUR/GBP was steady at 0.86, unchanged by 0.19%. The US Dollar Index Futures ticked up 0.09% to 99.43.
Market snapshot
- DAX: +0.62%
- MDAX: +0.60%
- TecDAX: +0.26%
This session's price action left a mixed sector picture: Utilities, Media and Food & Beverages contributed to the upward move in the headline index, while select industrials and banking names weighed on performance.