Germany Stocks Reach New All-Time High as Various Sectors Drive Gains
Germany stocks closed higher on Monday, with gains in multiple sectors propelling shares to a new all-time high. The DAX index ended the day up 0.65%. Other indexes also saw increases, with the MDAX climbing 1.42% and the TecDAX adding 0.43%.
One of the standout performers on the DAX was Siemens Energy AG, which rose by 5.01% to trade at €14.47 at the close. Rheinmetall AG also had a strong showing, gaining 3.65% to end at €348.90, while Zalando SE was up 3.40% to €19.62.
On the downside, Sartorius AG VZO O.N. experienced a fall of 2.59% to trade at €335.00 at the close. Airbus Group SE declined by 0.35% to end at €149.98, and SAP SE was down 0.33% to €167.76.
In the MDAX, top performers included Nordex SE O.N., which rose by 9.50% to €10.41, Delivery Hero AG, up by 4.50% to €19.32, and Hensoldt Ag, gaining 3.64% to close at €31.28. Meanwhile, Nemetschek AG O.N. was among the worst performers, down 1.69% to €88.66.
For the TecDAX, Nordex SE O.N. also led the gains, increasing by 9.50% to €10.41. ADTRAN Holdings Inc was up by 8.13% to €6.15, and CompuGroup Medical AG O.N. gained 5.25% to close at €33.70.
Overall, rising stocks outnumbered declining ones on the Frankfurt Stock Exchange.
Shares in Rheinmetall AG reached all-time highs, up by 3.65% to €348.90. The measure of implied volatility for DAX options experienced a slight uptick of 1.31% to 13.94.
In the commodities market, crude oil for delivery in March slightly declined by 0.12% to $76.75 a barrel, and the April Brent oil contract fell by 0.43% to $81.84 a barrel. Gold futures for April delivery decreased by 0.43% to $2,029.95 a troy ounce.
Currency movements included EUR/USD, which remained virtually unchanged at 1.08, and EUR/GBP, also unchanged at 0.85. The US Dollar Index Futures saw a minor decrease of 0.02% to 103.98.
Analyst comment
Positive news: Germany stocks reached a new all-time high, with gains in multiple sectors. Standout performers include Siemens Energy AG, Rheinmetall AG, and Zalando SE.
As an analyst, the market is expected to continue its positive trend, with further potential gains in various sectors.
