2 months ago
Stock Market

Germany stocks lower at close of trade; DAX down 2.37%

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Food&Beverages, Financial Services and Utilities

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

At the close in Frankfurt, the DAX declined 2.37% to hit a new 52-week low, while the MDAX index fell 1.41%, and the TecDAX index lost 1.27%.

The best performers of the session on the DAX were Fresenius Medical Care KGAA ST (DE:FMEG), which fell 0.21% or 0.120 points to trade at 57.060 at the close. Meanwhile, SAP SE (DE:SAPG) fell 0.73% or 0.630 points to end at 85.790 and Muench. Rueckvers. VNA O.N. (DE:MUVGn) was down 1.11% or 2.10 points to 186.25 in late trade.

The worst performers of the session were Merck KGaA (DE:MRCG), which fell 4.46% or 4.16 points to trade at 89.20 at the close. Vonovia SE (DE:VNAn) declined 4.29% or 1.78 points to end at 39.70 and Deutsche Bank AG NA O.N. (DE:DBKGn) was down 4.15% or 0.292 points to 6.750.

The top performers on the MDAX were Delivery Hero AG (DE:DHER) which rose 4.54% to 31.78, Nemetschek AG O.N. (DE:NEKG) which was up 2.18% to settle at 93.800 and Zalando SE (DE:ZALG) which gained 1.78% to close at 22.93.

The worst performers were Morphosys AG O.N. (DE:MORG) which was down 5.22% to 87.2000 in late trade, Commerzbank AG O.N. (DE:CBKG) which lost 4.67% to settle at 5.538 and Stroeer SE (DE:SAXG) which was down 4.57% to 42.620 at the close.

The top performers on the TecDAX were Steinhoff International Holdings NV (DE:SNHG) which unchanged 4.09% to 0.10, SAF Holland SA (DE:SFQN) which was up 1.36% to settle at 11.200 and Befesa SA (DE:BFSA) which gained 1.10% to close at 36.70.

The worst performers were SLM Solutions Group AG (DE:AM3D) which was down 11.80% to 8.82 in late trade, ADO Properties SARL (DE:ADJ) which lost 5.72% to settle at 44.84 and Stroeer SE (DE:SAXG) which was down 4.57% to 42.620 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 571 to 167 and 41 ended unchanged.

Shares in Fresenius Medical Care KGAA ST (DE:FMEG) fell to 3-years lows; falling 0.21% or 0.120 to 57.060. Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) fell to 5-year lows; falling 4.15% or 0.292 to 6.750. Shares in Commerzbank AG O.N. (DE:CBKG) fell to 52-week lows; falling 4.67% or 0.271 to 5.538. Shares in SLM Solutions Group AG (DE:AM3D) fell to all time lows; losing 11.80% or 1.18 to 8.82.

The DAX volatility index, which measures the implied volatility of DAX options, was up 21.14% to 25.33 a new 6-months high.

Gold Futures for February delivery was up 0.76% or 9.70 to $1279.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 3.39% or 1.58 to hit $45.03 a barrel, while the March Brent oil contract fell 3.47% or 1.92 to trade at $53.37 a barrel.

EUR/USD was up 0.61% to 1.1422, while EUR/GBP rose 0.60% to 0.9041.

The US Dollar Index Futures was down 0.43% at 96.160.