JABAR EKSPRES – German stocks ended in negative territory on Wednesday local time (8/02/2023), extending declines for a third consecutive day, with the benchmark DAX 40 index on the Frankfurt Stock Exchange plunging 1.36 percent or 220.38 points to settle at 16,020.02 points.

The DAX 40 index fell 1.26 percent or 206.43 points to 16,240.40 points on Tuesday (8/1/2023), after dropping 0.14 percent or 22.92 points to 16,446.83 points on Monday (7/31/2023), and adding 0.39 percent or 63.72 points to 16,469.75 points on Friday (7/28/2023).

Of the 40 stocks of selected large companies that are components of the DAX 40 index, nine stocks made gains, while 31 other stocks suffered losses.

Read more: French Stocks Lose Second Day, CAC 40 Index Falls 1.26 Percent

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.

Siemens Healthineers AG, a German medical device and medical technology industry company, recorded the biggest loss (top loser) among the leading stocks or blue chips, with its share price falling 5.55 percent.

Followed by shares of diversified industrial chemicals company that produces perfume oils, fragrance ingredients, cosmetic raw materials and flavorings Symrise AG slipped 3.59 percent; and company that provides online sales of men’s and women’s fashion accessories Zalando SE fell 3.27 percent.

On the other hand, Siemens Energy AG, an energy company offering power generation, transmission, technical consulting, and operation and maintenance services lifted 1.65 percent, becoming the top gainer among blue chips.

Followed by shares of automotive industry company that produces sports cars, SUVs and other motor vehicles Porsche AG increased 1.07 percent; and Dusseldorf-headquartered German automotive and arms industry company Rheinmetall AG gained 0.53 percent.