JABAR EKSPRES – German stocks ended higher on Tuesday local time (6/27/2023), snapping a six-day losing streak, with the benchmark DAX 40 index on the Frankfurt Stock Exchange rising 0.21 percent or 33.80 points to settle at 15,846.86 points.
The DAX 40 index shrank 0.11 percent or 16.88 points to 15,813.06 points on Monday (6/26/2023), after falling 0.99 percent or 158.22 points to 15,829.94 points on Friday (6/23/2023), and down 0.22 percent or 34.97 points to 15,988.16 points on Thursday (6/22/2023).
Of the 40 stocks of selected large companies that are components of the DAX 40 index, 22 stocks managed to record profits, while 18 other stocks suffered losses.
The Frankfurt Stock Exchange as of September 20, 2021 officially expanded the DAX 30 index component to 40 stocks or became the DAX 40 index.
Zalando SE, a company that provides online sales of fashion accessories for men and women, rose 2.39 percent, becoming the top gainer among blue chips.
Followed by shares of multinational energy company offering power generation and transmission, technical consulting, and operation and maintenance Siemens Energy GA increased 2.30 percent; and financial services company that attracts deposits and offers retail and commercial banking services Commerzbank AG gained 2.13 percent.
On the other hand, Sartorius AG, a company that manufactures and markets German precision electronic equipment and components recorded the most losses (top loser) among the leading stocks, with its share price falling 5.13 percent.
Followed by shares of global pharmaceutical and chemicals industry company researching drugs in oncology and neurodegenerative and autoimmune fields Merck KGaA slumped 3.54 percent; and German provider of sample and testing technologies for molecular diagnostics, applied testing, academic research and pharmaceuticals Qiagen NV fell 2.25 percent.
Read more: British Stocks End Positive, FTSE 100 Index Lifts 0.11 Percent
