Jabar Ekspres – German stocks ended lower on Wednesday local time (19/7/2023), reversing losses from gains the day before, with the benchmark DAX 40 index on the Frankfurt Stock Exchange slipping 0.10 percent or 16.56 points to settle at 16,108.93 points.
The DAX 40 index rose 0.35 percent or 56.84 points to 16,125.49 points on Tuesday (07/18/2023), after trimming 0.23 percent or 36.42 points to 16,068.65 points on Monday (07/17/2023), and falling 0.22 percent or 35.96 points to 16,105.07 points on Friday (07/14/2023).
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Of the 40 stocks of selected large companies that are components of the DAX 40 index, 19 stocks managed to gain profits, while 21 other stocks suffered losses.
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.
Covestro AG, a German multinational company that produces various raw materials based on polyurethane and polycarbonate recorded the biggest loss (top loser) among the leading stocks or blue chips, with its share price falling 2.90 percent.
Followed by shares of automotive industry company that designs and manufactures German commercial trucks and buses Daimler Truck Holding AG lost 1.32 percent; and insurance and financial services company Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) lost 1.28 percent.
On the other hand, Vonovia SE, a European property company and commercial real estate developer soared 6.88 percent, becoming the top gainer of the leading stocks.
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Followed by shares of a company that manufactures and markets precision electronic equipment and components Sartorius AG increased 2.08 percent; and a company that provides online fashion accessories sales services Zalando SE gained 1.61 percent.
