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Stock Market

Germany stocks lower at close of trade; DAX down 2.67%

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Construction, Software and Food&Beverages sectors

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

At the close in Frankfurt, the DAX fell 2.67%, while the MDAX index declined 2.59%, and the TecDAX index lost 3.29%.

The best performers of the session on the DAX were RWE AG ST O.N. (DE:RWEG), which fell 0.28% or 0.060 points to trade at 21.450 at the close. Meanwhile, Fresenius Medical Care KGAA ST (DE:FMEG) fell 0.57% or 0.380 points to end at 66.300 and Vonovia SE (DE:VNAn) was down 0.74% or 0.33 points to 44.25 in late trade.

The worst performers of the session were Wirecard AG (DE:WDIG), which fell 14.93% or 19.450 points to trade at 110.850 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 6.44% or 0.508 points to end at 7.385 and Thyssenkrupp AG O.N. (DE:TKAG) was down 4.97% or 0.790 points to 15.110.

The top performers on the MDAX were Alstria Office Reit-Ag (DE:AOXG) which rose 0.37% to 13.430, Delivery Hero AG (DE:DHER) which was down 0.23% to settle at 35.28 and Aroundtown Property Holdings PLC (DE:AT1) which lost 0.26% to close at 7.680.

The worst performers were GEA Group AG (DE:G1AG) which was down 17.89% to 19.797 in late trade, Freenet AG NA (DE:FNTGn) which lost 6.39% to settle at 17.5200 and Commerzbank AG O.N. (DE:CBKG) which was down 6.25% to 6.109 at the close.

The top performers on the TecDAX were Befesa SA (DE:BFSA) which rose 2.68% to 40.20, Grenke N AG (DE:GLJn) which was up 1.95% to settle at 83.85 and CompuGroup Medical AG O.N. (DE:COPMa) which gained 1.52% to close at 49.380.

The worst performers were Heidelberger Druckmaschinen O.N. (DE:HDDG) which was down 8.75% to 1.6370 in late trade, RIB Software AG Na (DE:RIB) which lost 6.67% to settle at 12.040 and Tele Columbus AG (DE:TC1n) which was down 5.77% to 2.21 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 586 to 111 and 77 ended unchanged.

Shares in GEA Group AG (DE:G1AG) fell to 5-year lows; down 17.89% or 4.313 to 19.797. Shares in Tele Columbus AG (DE:TC1n) fell to all time lows; down 5.77% or 0.14 to 2.21.

The DAX volatility index, which measures the implied volatility of DAX options, was up 16.37% to 17.91.

Gold Futures for April delivery was up 0.00% or 0.05 to $1314.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 3.68% or 1.99 to hit $52.02 a barrel, while the April Brent oil contract fell 2.90% or 1.82 to trade at $60.87 a barrel.

EUR/USD was down 0.04% to 1.1355, while EUR/GBP fell 0.34% to 0.8752.

The US Dollar Index Futures was up 0.09% at 96.238.