2 weeks ago
Stock Market

Germany stocks lower at close of trade; DAX down 0.60%

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Food&Beverages, Basic Resources and Media

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Food&Beverages, Basic Resources and Media sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.60%, while the MDAX index fell 1.02%, and the TecDAX index declined 0.70%.

The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 3.91% or 1.67 points to trade at 44.37 at the close. Meanwhile, Beiersdorf AG O.N. (DE:BEIG) added 1.91% or 1.620 points to end at 86.420 and RWE AG ST O.N. (DE:RWEG) was up 1.31% or 0.280 points to 21.590 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 5.20% or 0.425 points to trade at 7.747 at the close. Covestro AG (DE:1COV) declined 4.43% or 2.240 points to end at 48.380 and Thyssenkrupp AG O.N. (DE:TKAG) was down 3.41% or 0.445 points to 12.610.

The top performers on the MDAX were Deutsche Wohnen AG (DE:DWNG) which rose 2.65% to 41.850, Aroundtown Property Holdings PLC (DE:AT1) which was up 2.10% to settle at 7.520 and LEG Immobilien AG (DE:LEGn) which gained 2.01% to close at 99.460.

The worst performers were Axel Springer SE (DE:SPRGn) which was down 7.29% to 46.400 in late trade, Hugo Boss AG NA O.N. (DE:BOSSn) which lost 6.52% to settle at 62.500 and Duerr AG (DE:DUEG) which was down 5.14% to 35.220 at the close.

The top performers on the TecDAX were Medigene NA O.N. (DE:MDG1k) which rose 1.33% to 8.775, Deutsche Telekom AG Na (DE:DTEGn) which was up 1.26% to settle at 14.870 and Siemens Healthineers AG (DE:SHLG) which gained 0.92% to close at 36.65.

The worst performers were SLM Solutions Group AG (DE:AM3D) which was down 9.09% to 7.50 in late trade, Software AG (DE:SOWGn) which lost 3.75% to settle at 31.590 and Xing AG (DE:OBCGn) which was down 3.56% to 298.00 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 458 to 241 and 86 ended unchanged.

Shares in Thyssenkrupp AG O.N. (DE:TKAG) fell to 5-year lows; down 3.41% or 0.445 to 12.610. Shares in Axel Springer SE (DE:SPRGn) fell to 52-week lows; losing 7.29% or 3.650 to 46.400. Shares in SLM Solutions Group AG (DE:AM3D) fell to all time lows; down 9.09% or 0.75 to 7.50.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.35% to 14.80.

Gold Futures for April delivery was down 0.07% or 0.85 to $1286.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.60% or 0.34 to hit $56.56 a barrel, while the May Brent oil contract rose 0.47% or 0.31 to trade at $66.30 a barrel.

EUR/USD was down 0.81% to 1.1214, while EUR/GBP fell 0.19% to 0.8567.

The US Dollar Index Futures was up 0.65% at 97.433.