German Stock Market Saw Mixed Performance, DAX Hits New All-time High

German Stock Market Saw Mixed Performance, DAX Hits New All-time High

Key Points:

  • The DAX rose by 0.15% in the German stock market, reaching a new all-time high; the MDAX index lost 0.07%, and the TecDAX index added 0.02%.
  • Siemens Energy AG (ETR:ENR1n), Merck KGaA (ETR:MRCG), and Rheinmetall AG (ETR:RHMG) were the top performers on the DAX.
  • Aixtron SE (ETR:AIXGn), Redcare Pharmacy NV (ETR:RDC), and Puma SE (ETR:PUMG) were the notable gainers on the MDAX.
  • Cancom SE O.N. (ETR:COKG), Aixtron SE (ETR:AIXGn), and Bechtle AG (ETR:BC8G) were the top performers on the TecDAX.

Germany stocks experienced a mixed performance at the close on Friday, with higher gains in sectors like Food & Beverages, Media, and Consumer & Cyclical leading shares. In contrast, losses in sectors including Construction, Transportation & Logistics, and Software weighed on the market sentiment. At the close in Frankfurt, the DAX rose by 0.15%, reaching a new all-time high. However, the MDAX index lost 0.07%, while the TecDAX index added 0.02%.

Among the top performers on the DAX was Siemens Energy AG (ETR:ENR1n), rising by 3.03%, Merck KGaA (ETR:MRCG), gaining 2.12%, and Rheinmetall AG (ETR:RHMG), climbing 1.84%. Conversely, Deutsche Post AG NA O.N. (ETR:DHLn) fell by 1.42%, Dr Ing hc F Porsche AG Preferred (ETR:P911_p) declined by 1.37%, and Brenntag AG (ETR:BNRGn) was down by 1.06%.

On the MDAX, Aixtron SE (ETR:AIXGn) rose by 2.47%, Redcare Pharmacy NV (ETR:RDC) was up by 1.78%, and Puma SE (ETR:PUMG) gained 1.75%. Meanwhile, SMA Solar Technology AG (ETR:S92G) fell by 5.56%, Wacker Chemie O.N. (ETR:WCHG) lost 3.19%, and Carl Zeiss Meditec AG (ETR:AFXG) was down by 3.02%.

In the TecDAX, Cancom SE O.N. (ETR:COKG) rose by 4.22%, Aixtron SE (ETR:AIXGn) was up by 2.47%, and Bechtle AG (ETR:BC8G) gained 1.45%. Conversely, Energiekontor AG (ETR:EKTG) fell by 9.85%, Kontron AG (ETR:KTN) lost 7.76%, and SMA Solar Technology AG (ETR:S92G) was down by 5.56%.

Rheinmetall AG (ETR:RHMG) rose to all-time highs, while Redcare Pharmacy NV (ETR:RDC) rose to 52-week highs. The DAX volatility index, which measures the implied volatility of DAX options, was up by 3.74% to 12.77.

In commodities trading, Gold Futures for June delivery rose by 1.90% to $2,254.80 a troy ounce. Crude oil for delivery in May rose 2.16% to $83.11 a barrel, and the June Brent oil contract rose by 0.05% to trade at $86.99 a barrel.

EUR/USD remained unchanged at 1.08, while EUR/GBP remained unchanged at 0.85. The US Dollar Index Futures was up by 0.20% at 104.27.

EDITORIAL TEAM
EDITORIAL TEAM
TechGolly editorial team led by Al Mahmud Al Mamun. He worked as an Editor-in-Chief at a world-leading professional research Magazine. Rasel Hossain and Enamul Kabir are supporting as Managing Editor. Our team is intercorporate with technologists, researchers, and technology writers. We have substantial knowledge and background in Information Technology (IT), Artificial Intelligence (AI), and Embedded Technology.

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