JABAR EKSPRES – German stocks ended lower on Monday local time (6/19/2023), reversing losses from last weekend’s gains, with the benchmark DAX 40 index on the Frankfurt Stock Exchange slipping 0.96 percent or 156.43 points to settle at 16,201.20 points.
The DAX 40 index gained 0.41 percent or 67.51 points to 16,357.63 points on Friday (6/16/2023), after trimming 0.13 percent or 20.07 points to 16,290.12 points on Thursday (6/15/2023), and adding 0.49 percent or 80.11 points to 16,310.79 points on Wednesday (6/14/2023).
Of the 40 stocks of selected large companies that are components of the DAX 40 index, only eight stocks managed to record profits, while 32 other stocks suffered losses.
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The Frankfurt Stock Exchange as of September 20, 2021 officially expanded the components of the DAX 30 index to 40 stocks or the DAX 40 index.
Sartorius AG, a German multinational company that manufactures and markets precision electronic equipment and components recorded the biggest loss (top loser) among the leading stocks or blue chips, with its share price diving 14.88 percent.
Followed by shares of global pharmaceutical and chemical industry company that researches drugs in oncology and neurodegenerative and autoimmune fields Merck KGaA fell 6.20 percent; and the world’s largest chemical industry company from Germany BASF SE lost 3.58 percent.
On the other hand, MTU Aero Engines AG, a company that develops and manufactures aircraft engines and offers commercial aircraft engine service and support jumped 4.19 percent, becoming the top gainer of the leading stocks.
Followed by shares of the company that develops, manufactures and markets disposable personal care and medical products Beiersdorf AG, up 0.50 percent; and the automotive industry holding company that offers development, production and sales of cars Porsche Automobil Holding SE, up 0.45 percent.
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