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Germany stocks lower at close of trade

Published 03/23/2015, 01:15 PM
Updated 03/23/2015, 01:15 PM
© Reuters.  Germany stocks lower at close of trade

Investing.com – Germany stocks were lower after the close on Monday, as losses in the Food & Beverage, Chemicals and Utilities sectors led shares lower.

At the close in Frankfurt, the DAX fell 1.19%, while the MDAX index declined 1.23%, and the TecDAX index declined 0.94%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (XETRA:IFXGn), which rose 0.76% or 0.085 points to trade at 11.260 at the close. Meanwhile, Deutsche Bank AG NA O.N. (XETRA:DBKGn) added 0.71% or 0.225 points to end at 31.875 and Commerzbank AG O.N. (XETRA:CBKG) was up 0.52% or 0.065 points to 12.670 in late trade.

The worst performers of the session were Volkswagen AG VZO O.N. (XETRA:VOWG_p), which fell 3.70% or 9.250 points to trade at 240.800 at the close. Continental AG O.N. (XETRA:CONG) declined 3.19% or 7.200 points to end at 218.800 and Daimler AG NA O.N. (XETRA:DAIGn) was down 3.07% or 2.810 points to 88.700.

The top performers on the MDAX were Kloeckner & Co SE NA (XETRA:KCOGn) which rose 1.08% to 9.189, Gerresheimer AG (XETRA:GXId) which was up 0.78% to settle at 53.130 and Rhoen-Klinikum O.N. (XETRA:RHKG) which gained 0.67% to close at 22.660.

The worst performers were Talanx AG NA O.N. (XETRA:TLXGn) which was down 5.46% to 29.425 in late trade, Airbus Group (XETRA:AIRG) which lost 2.90% to settle at 60.009 and Kion Group AG (XETRA:KGX) which was down 2.87% to 37.44 at the close.

The top performers on the TecDAX were Adva Optical Networking SE (XETRA:ADAG) which rose 1.70% to 4.243, Stratec Biomedical (XETRA:SBSG) which was up 1.52% to settle at 44.205 and Kontron AG O.N. (XETRA:KBCG) which gained 1.52% to close at 5.952.

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The worst performers were BB Biotech AG (XETRA:BIONn) which was down 4.97% to 294.200 in late trade, Jenoptik AG O.N. (XETRA:JENG) which lost 3.52% to settle at 12.890 and Bechtle AG O.N. (XETRA:BC8G) which was down 3.07% to 70.730 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 527 to 214 and 34 ended unchanged.

Shares in Deutsche Bank AG NA O.N. (XETRA:DBKGn) rose to 52-week highs; rising 0.71% or 0.225 to 31.875. Shares in Adva Optical Networking SE (XETRA:ADAG) rose to 52-week highs; up 1.70% or 0.071 to 4.243.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.88% to 19.33.

Gold for April delivery was up 0.17% or 2.00 to $1186.60 a troy ounce. Elsewhere in commodities trading, Crude Oil for delivery in May rose 0.39% or 0.18 to hit $46.75 a barrel, while the May Brent Oil contract fell 0.10% or 0.06 to trade at $55.27 a barrel.

EUR/USD was up 0.90% to 1.0917, while EUR/GBP rose 1.11% to 0.7312.

The US Dollar Index was down 0.60% at 97.46.

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