Germany's stock market ended the trading day in negative territory on Thursday, as sector losses in Software, Construction and Industrials outweighed gains elsewhere.
Index performance at close
- The DAX closed down 1.35%.
- The MDAX fell 0.77%.
- The TecDAX slid 2.42%.
Top and bottom movers on the DAX
Among DAX-listed names, Brenntag AG (ETR:BNRGn) was the session's strongest performer, rising 2.85% or 1.64 points to finish at 59.18. BASF SE NA O.N. (ETR:BASFN) added 2.62% or 1.37 to close at 53.58, and Zalando SE (ETR:ZALG) gained 1.92% or 0.42 to end the day at 22.28.
On the downside, SAP SE (ETR:SAPG) led losses, sliding 6.81% or 10.20 points to close at 139.50. Airbus Group SE (ETR:AIRG) dropped 2.60% or 4.56 to 170.86, while Scout24 AG (ETR:G24n) declined 2.24% or 1.50 to 65.55.
MDAX movers
The MDAX saw AUTO1 Group SE (ETR:AG1G) rally 10.49% to 17.90. Puma SE (ETR:PUMG) climbed 3.80% to 24.32, and Redcare Pharmacy NV (ETR:RDC) advanced 3.03% to close at 40.06.
Among MDAX decliners were Nemetschek AG O.N. (ETR:NEKG), down 5.67% to 61.55, Bechtle AG (ETR:BC8G), off 4.41% to 29.04, and IONOS Group SE (ETR:IOSn), which fell 3.66% to 23.70.
TecDAX winners and losers
On the TecDAX, Elmos Semiconductor AG (ETR:ELGG) rose 7.08% to 166.40. SUSS MicroTec SE (ETR:SMHNn) added 0.79% to end at 57.60, and Nordex SE O.N. (ETR:NDXG) ticked up 0.18% to 45.64.
Hardest hit in the TecDAX were SAP SE (ETR:SAPG), down 6.81% to 139.50, Atoss Software AG (ETR:AOFG), which lost 6.05% to 74.50, and Cancom SE O.N. (ETR:COKG), off 5.87% to close at 24.05.
Market breadth and notable milestones
Decliners outnumbered advancers on the Frankfurt Stock Exchange, with 369 names lower versus 249 higher and 23 unchanged.
Several stocks reached notable levels during the session. Shares of SAP SE (ETR:SAPG) fell to 52-week lows, declining 6.81% or 10.20 to 139.50. Nemetschek AG O.N. (ETR:NEKG) also dropped to 52-week lows, down 5.67% or 3.70 to 61.55. By contrast, BASF SE NA O.N. (ETR:BASFN) rose to 52-week highs, up 2.62% or 1.37 at 53.58. Elmos Semiconductor AG (ETR:ELGG) reached an all-time high, climbing 7.08% or 11.00 to 166.40.
Volatility, commodities and currencies
The DAX volatility index, which tracks implied volatility on DAX options, was down 21.60% to 24.09, marking a new one-month low.
In commodities, Gold Futures for June delivery rose 0.86% or 41.27 to $4,818.47 a troy ounce. Crude oil for May delivery increased 4.18% or 3.95 to $98.36 a barrel, while the June Brent contract was up 1.15% or 1.09 to $95.84 a barrel.
Currency moves were mixed: EUR/USD was unchanged 0.38% at 1.17, EUR/GBP was unchanged 0.05% at 0.87, and the US Dollar Index Futures was down 0.41% at 98.52.
Thursday's session left Germany's main indices lower, with technology and industrial-related stocks among the most pressured. Market participants will likely watch whether the recent declines broaden or reverse in coming sessions, alongside developments in commodities and currency markets.