2 months ago
Stock Market

Germany stocks lower at close of trade; DAX down 1.55%

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Technology, Software and Industrials sectors

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Technology, Software and Industrials sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.55%, while the MDAX index fell 1.39%, and the TecDAX index fell 2.92%.

The best performers of the session on the DAX were RWE AG ST O.N. (DE:RWEG), which rose 1.17% or 0.225 points to trade at 19.525 at the close. Meanwhile, E.ON SE NA (DE:EONGn) added 1.10% or 0.098 points to end at 8.998 and Deutsche Telekom AG Na (DE:DTEGn) was up 0.74% or 0.110 points to 14.930 in late trade.

The worst performers of the session were Wirecard AG (DE:WDIG), which fell 5.85% or 7.900 points to trade at 127.050 at the close. Infineon Technologies AG NA O.N. (DE:IFXGn) declined 4.69% or 0.815 points to end at 16.575 and Fresenius SE&Co KGAA O.N. (DE:FREG) was down 4.59% or 1.980 points to 41.200.

The top performers on the MDAX were Zalando SE (DE:ZALG) which rose 4.40% to 23.97, Grand City Properties SA (DE:GYC) which was up 1.91% to settle at 19.20 and Deutsche Pfandbriefbank AG (DE:PBBG) which gained 1.61% to close at 8.82.

The worst performers were Bechtle AG (DE:BC8G) which was down 8.92% to 62.300 in late trade, Delivery Hero AG (DE:DHER) which lost 7.63% to settle at 29.52 and Wacker Chemie O.N. (DE:WCHG) which was down 5.49% to 75.02 at the close.

The top performers on the TecDAX were Hamburger Hafen Und Logistik A-SP (DE:HHFGn) which rose 3.16% to 17.970, VTG AG O.N. (DE:VT9G) which was up 2.82% to settle at 51.000 and Steinhoff International Holdings NV (DE:SNHG) which unchanged 3.45% to close at 0.10.

The worst performers were Aixtron SE NA O.N. (DE:AIXGn) which was down 10.28% to 7.8560 in late trade, Dialog Semiconductor (DE:DLGS) which lost 9.70% to settle at 19.4950 and SAF Holland SA (DE:SFQN) which was down 9.48% to 10.030 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 442 to 260 and 69 ended unchanged.

Shares in Bechtle AG (DE:BC8G) fell to 52-week lows; losing 8.92% or 6.100 to 62.300. Shares in SAF Holland SA (DE:SFQN) fell to 52-week lows; losing 9.48% or 1.050 to 10.030.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.28% to 23.78.

Gold Futures for February delivery was up 0.61% or 7.85 to $1291.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.45% or 0.21 to hit $46.75 a barrel, while the March Brent oil contract rose 0.84% or 0.46 to trade at $55.37 a barrel.

EUR/USD was up 0.47% to 1.1396, while EUR/GBP rose 0.36% to 0.9025.

The US Dollar Index Futures was down 0.54% at 95.898.