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Germany stocks lower at close of trade; DAX down 0.27%

Published 08/12/2016, 12:15 PM
Updated 08/12/2016, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.27%

© Reuters. Germany stocks lower at close of trade; DAX down 0.27%

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

At the close in Frankfurt, the DAX fell 0.27%, while the MDAX index fell 0.02%, and the TecDAX index fell 0.37%.

The best performers of the session on the DAX were Lufthansa AG VNA O.N. (DE:LHAG), which rose 2.04% or 0.220 points to trade at 11.030 at the close. Meanwhile, Heidelbergcement AG O.N. (DE:HEIG) added 1.46% or 1.150 points to end at 79.940 and Thyssenkrupp AG O.N. (DE:TKAG) was up 1.08% or 0.230 points to 21.550 in late trade.

The worst performers of the session were Volkswagen AG VZO O.N. (DE:VOWG_p), which fell 1.93% or 2.450 points to trade at 124.650 at the close. RWE AG ST O.N. (DE:RWEG) declined 1.25% or 0.195 points to end at 15.460 and Merck KGaA (DE:MRK) was down 1.14% or 1.140 points to 98.910.

The top performers on the MDAX were Bilfinger SE O.N. (DE:GBFG) which rose 3.67% to 29.820, Hugo Boss AG NA O.N. (DE:BOSSn) which was up 2.28% to settle at 56.150 and Zalando SE (DE:ZALG) which gained 2.23% to close at 36.74.

The worst performers were Deutsche Pfandbriefbank AG (DE:PBBG) which was down 6.77% to 8.30 in late trade, Talanx AG NA O.N. (DE:TLXGn) which lost 3.85% to settle at 26.585 and Symrise AG Inh. O.N. (DE:SY1G) which was down 1.59% to 67.630 at the close.

The top performers on the TecDAX were Drillisch AG (DE:DRIG) which rose 4.90% to 40.700, Evotec AG O.N. (DE:EVTG) which was up 3.78% to settle at 4.389 and GFT Technologies AG (DE:GFTG) which gained 2.49% to close at 20.755.

The worst performers were United Internet AG NA (DE:UTDI) which was down 4.04% to 38.800 in late trade, Cancom SE O.N. (DE:COKG) which lost 3.31% to settle at 43.800 and SMA Solar Technology AG (DE:S92G) which was down 3.08% to 33.875 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 448 to 437 and 34 ended unchanged.

Shares in Heidelbergcement AG O.N. (DE:HEIG) rose to 5-year highs; up 1.46% or 1.150 to 79.940. Shares in Zalando SE (DE:ZALG) rose to all time highs; gaining 2.23% or 0.80 to 36.74. Shares in Evotec AG O.N. (DE:EVTG) rose to 52-week highs; up 3.78% or 0.160 to 4.389.

The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 17.92.

Gold for December delivery was down 0.11% or 1.55 to $1348.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.98% or 0.86 to hit $44.35 a barrel, while the October Brent oil contract rose 1.59% or 0.73 to trade at $46.77 a barrel.

EUR/USD was up 0.26% to 1.1167, while EUR/GBP rose 0.54% to 0.8644.

The US Dollar Index was down 0.27% at 95.64.

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