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Germany stocks lower at close of trade

Published 03/10/2015, 01:15 PM
© Reuters.  Germany stocks lower at close of trade

Investing.com – Germany stocks were lower after the close on Tuesday, as losses in the Basic Resources, Telecom and Utilities sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.71%, while the MDAX index fell 0.13%, and the TecDAX index fell 0.39%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (XETRA:IFXGn), which rose 2.03% or 0.220 points to trade at 11.045 at the close. Meanwhile, Muench. Rueckvers. VNA O.N. (XETRA:MUVGn) added 0.53% or 1.000 points to end at 188.850 and Fresenius SE & Co KGAA O.N. (XETRA:FREG) was up 0.46% or 0.240 points to 52.440 in late trade.

The worst performers of the session were RWE AG ST O.N. (XETRA:RWEG), which fell 2.77% or 0.675 points to trade at 23.675 at the close. Deutsche Telekom AG Na (XETRA:DTEGn) declined 2.44% or 0.410 points to end at 16.415 and Heidelbergcement AG O.N. (XETRA:HEIG) was down 1.92% or 1.370 points to 69.940.

The top performers on the MDAX were Wacker Chemie O.N. (XETRA:WCHG) which rose 3.80% to 113.300, Hannover Rueckversicherung SE (XETRA:HNRGn) which was up 2.85% to settle at 89.640 and Osram Licht (XETRA:OSRn) which gained 2.42% to close at 41.059.

The worst performers were Kloeckner & Co SE NA (XETRA:KCOGn) which was down 3.67% to 9.230 in late trade, Salzgitter AG O.N. (XETRA:SZGG) which lost 3.07% to settle at 26.640 and Aurubis AG (XETRA:NAFG) which was down 2.96% to 54.480 at the close.

The top performers on the TecDAX were Xing AG (XETRA:OBCGn) which rose 4.84% to 158.000, Nemetschek AG O.N. (XETRA:NEKG) which was up 4.81% to settle at 125.300 and QSC AG NA O.N. (XETRA:QSCG) which gained 3.09% to close at 1.871.

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The worst performers were LPKF Laser & Electronics (XETRA:LPKG) which was down 3.14% to 13.100 in late trade, Cancom SE O.N. (XETRA:COKG) which lost 3.10% to settle at 35.205 and SMA Solar Technology AG (XETRA:S92G) which was down 2.80% to 12.150 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 478 to 266 and 23 ended unchanged.

Shares in Infineon Technologies AG NA O.N. (XETRA:IFXGn) rose to 5-year highs; gaining 2.03% or 0.220 to 11.045. Shares in Muench. Rueckvers. VNA O.N. (XETRA:MUVGn) rose to all time highs; rising 0.53% or 1.000 to 188.850. Shares in Fresenius SE & Co KGAA O.N. (XETRA:FREG) rose to 52-week highs; rising 0.46% or 0.240 to 52.440. Shares in Wacker Chemie O.N. (XETRA:WCHG) rose to 3-year highs; up 3.80% or 4.150 to 113.300. Shares in Hannover Rueckversicherung SE (XETRA:HNRGn) rose to all time highs; rising 2.85% or 2.480 to 89.640. Shares in Xing AG (XETRA:OBCGn) rose to all time highs; gaining 4.84% or 7.300 to 158.000. Shares in Nemetschek AG O.N. (XETRA:NEKG) rose to all time highs; rising 4.81% or 5.750 to 125.300.

The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 15.81.

Gold for April delivery was down 0.55% or 6.40 to $1160.10 a troy ounce. Elsewhere in commodities trading, Crude Oil for delivery in April fell 2.58% or 1.29 to hit $48.71 a barrel, while the April Brent Oil contract fell 2.98% or 1.75 to trade at $56.78 a barrel.

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EUR/USD was down 1.21% to 1.0721, while EUR/GBP fell 0.98% to 0.7103.

The US Dollar Index was up 0.84% at 98.45.

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