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Germany’s stock market ended the day a little lower on Friday. This means that, overall, more companies lost value than gained. The fall was mostly because of weak performance in big industries like construction, transportation, and retail. These sectors didn’t do so well, which pulled the market down.
The DAX, which is the main stock index in Germany (kind of like a report card showing how top companies are doing), went down by 0.57%. Two other indices, MDAX and TecDAX, which track other groups of companies, also fell slightly by 0.47% and 0.20%, respectively.
Still, not everything was bad. Some companies had a great day. Rheinmetall, a company that makes defence equipment, saw its stock price go up by over 3%. E.ON, a major energy company, hit its highest stock price in five years. Another winner was Qiagen, a medical and biotech company, which also saw a small increase.
On the other hand, some big names lost quite a bit. Siemens, a well-known tech and engineering company, dropped by over 2%. Delivery Hero, which is known for food delivery, and Deutsche Post, which handles mail and packages, also lost value. Several tech and finance companies on the MDAX and TecDAX also had tough trading days.
Even though many stocks fell, there were still some that went up, especially in tech and fashion. Hugo Boss had a strong day, rising almost 4%, and IONOS, a tech firm, also gained more than 3%.
Elsewhere in the market, the prices of gold didn’t change much, and oil prices went down a little. The euro stayed about the same in value when compared to the U.S. dollar and the British pound.
So, while Friday wasn’t a great day overall for the German stock market, it wasn’t a complete loss either. Some companies still managed to shine.