German Stocks Turn Lower, DAX 40 Index Cuts 0.13 Percent

JABAR EKSPRES – German stocks ended lower on Thursday (6/15), reversing losses from three consecutive sessions of gains, with the benchmark DAX 40 index on the Frankfurt Stock Exchange trimming 0.13 percent or 20.07 points to settle at 16,290.12 points.

The DAX 40 index added 0.49 percent or 80.11 points to 16,310.79 points on Wednesday (6/14), after gaining 0.83 percent or 132.81 points to 16,230.68 points on Tuesday (6/13), and lifted 0.93 percent or 148.03 points to 16,097.87 points on Monday (6/12).

Of the 40 stocks of selected large companies that are components of the DAX 40 index, 15 stocks managed to record profits, while 25 other stocks suffered losses.

The Frankfurt Stock Exchange as of September 20, 2021 officially expanded the DAX 30 index component to 40 stocks or the DAX 40 index.

Deutsche Bank AG, a German multinational financial services company and investment bank recorded the biggest loss (top loser) among the leading stocks or blue chips, with its share price falling 2.96 percent.

Followed by shares of energy company offering power generation and transmission, technical consulting, and operation and maintenance services Siemens Energy GA slipped 2.66 percent; and company providing online sales of fashion accessories for men and women Zalando SE fell 2.54 percent.

On the other hand, Symrise AG, a diversified industrial chemicals company that produces perfume oils, fragrance bases and raw materials for cosmetics, gained 2.63 percent, becoming the top gainer among the leading stocks.

Followed by shares of German multinational company that manufactures and markets precision electronic equipment and components Sartorius AG increased 1.53 percent; and other stock and securities trading organizers Deutsche Borse AG or Deutsche Borse Group gained 1.35 percent.

Read more: British Stocks Gain 4th Day, FTSE 100 Index Adds 0.34 Percent

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