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Germany stocks lower at close of trade; DAX down 1.97%

Published 03/01/2018, 12:15 PM
Updated 03/01/2018, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.97%

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

At the close in Frankfurt, the DAX fell 1.97%, while the MDAX index fell 1.84%, and the TecDAX index declined 2.57%.

The best performers of the session on the DAX were RWE AG ST O.N. (DE:RWEG), which fell 0.52% or 0.085 points to trade at 16.325 at the close. Meanwhile, Henkel & Co KGaA AG Pref (DE:HNKG_p) fell 0.64% or 0.70 points to end at 108.60 and Heidelbergcement AG O.N. (DE:HEIG) was down 0.82% or 0.680 points to 82.060 in late trade.

The worst performers of the session were Beiersdorf AG O.N. (DE:BEIG), which fell 4.48% or 4.040 points to trade at 86.080 at the close. Fresenius SE & Co KGAA O.N. (DE:FREG) declined 3.58% or 2.400 points to end at 64.700 and Adidas AG (DE:ADSGN) was down 3.56% or 6.50 points to 176.10.

The top performers on the MDAX were Kion Group AG (DE:KGX) which rose 3.77% to 73.14, Gerresheimer AG (BS:GXId) which was up 1.19% to settle at 63.900 and Suedzucker AG (DE:SZUG) which gained 0.20% to close at 14.790.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 11.78% to 0.36 in late trade, Zalando SE (DE:ZALG) which lost 6.08% to settle at 44.05 and Leoni AG (DE:LEOGn) which was down 5.44% to 53.140 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE:S92G) which rose 1.94% to 50.400, Pfeiffer Vacuum Technology O.N. (DE:PV) which was up 0.20% to settle at 146.70 and Morphosys AG O.N. (DE:MORG) which lost 0.12% to close at 82.050.

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The worst performers were Freenet AG NA (DE:FNTGn) which was down 6.89% to 26.500 in late trade, Dialog Semiconductor (DE:DLGS) which lost 5.49% to settle at 25.140 and Medigene NA O.N. (DE:MDG1k) which was down 5.44% to 16.850 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 613 to 132 and 61 ended unchanged.

Shares in SMA Solar Technology AG (DE:S92G) rose to 52-week highs; rising 1.94% or 0.960 to 50.400. Shares in Freenet AG NA (DE:FNTGn) fell to 52-week lows; down 6.89% or 1.960 to 26.500.

The DAX volatility index, which measures the implied volatility of DAX options, was up 13.09% to 21.92.

Gold Futures for April delivery was down 0.61% or 8.00 to $1309.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 1.27% or 0.78 to hit $60.86 a barrel, while the May Brent oil contract fell 1.48% or 0.96 to trade at $63.77 a barrel.

EUR/USD was up 0.15% to 1.2211, while EUR/GBP rose 0.26% to 0.8884.

The US Dollar Index Futures was down 0.01% at 90.60.

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