German stocks ended sharply lower in trading Tuesday local time (15/8/2023), retreating from the previous day’s gains, with the benchmark DAX 40 on the Frankfurt Stock Exchange shed 0.86 percent or 136.97 points to settle at 15,767 .28 points.
The DAX 40 index rose 0.46 percent or 72.08 points to 15,904.25 points on Monday (14/8/2023), after falling 1.03 percent or 164.35 points to 15,832.17 points on Friday (11/8 /2023), and strengthened 0.91 percent or 143.94 points to 15,996.52 points on Thursday (10/8/2023).
Of the 40 selected large company stocks that are components of the DAX 40 index, only six stocks managed to gain profits, while 33 stocks suffered losses and one share was traded unchanged.
As of September 20 2021, the Frankfurt Stock Exchange has officially expanded the components of the DAX 30 index to 40 shares or to become the DAX 40 index.
E.ON SE, one of Europe’s largest energy grid and energy infrastructure operators and a provider of innovative customer solutions to around 51 million subscribers, was the top loser among the leading stocks, slipping 2.06 percent.
Followed by shares of energy companies that offer power generation, transmission, technical consulting, and operation and maintenance services, Siemens Energy AG lost 2.01 percent; and European commercial real estate developer and property company Vonovia SE fell 1.97 percent.
On the other hand, Sartorius AG, a German multinational precision electronic equipment and components manufacturing and marketing company rose 1.15 percent, becoming the top gainer of the leading stocks.
Followed by shares of companies that produce sports shoes, equipment and sports equipment Adidas AG increased 0.86 percent; and a German company that manufactures and markets cement and ready-mix concrete building materials, Heidelberg Materials AG gained 0.68 percent.
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