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Germany stocks lower at close of trade; DAX down 0.31%

Published 09/27/2016, 12:15 PM
Updated 09/27/2016, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.31%

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

At the close in Frankfurt, the DAX declined 0.31%, while the MDAX index fell 0.07%, and the TecDAX index fell 0.08%.

The best performers of the session on the DAX were Vonovia SE (DE:VNAn), which rose 1.08% or 0.37 points to trade at 34.48 at the close. Meanwhile, Beiersdorf AG O.N. (DE:BEIG) added 0.67% or 0.560 points to end at 84.160 and Deutsche Post AG NA O.N. (DE:DPWGn) was up 0.62% or 0.170 points to 27.600 in late trade.

The worst performers of the session were Lufthansa AG VNA O.N. (DE:LHAG), which fell 3.10% or 0.319 points to trade at 9.966 at the close. Volkswagen AG VZO O.N. (DE:VOWG_p) declined 2.58% or 3.000 points to end at 113.200 and Commerzbank AG O.N. (DE:CBKG) was down 2.18% or 0.132 points to 5.914.

The top performers on the MDAX were Covestro AG (DE:1COV) which rose 3.39% to 49.890, RTL Group SA (DE:RRTL) which was up 1.66% to settle at 73.960 and Lanxess AG (DE:LXSG) which gained 1.35% to close at 53.370.

The worst performers were K+S AG NA O.N. (DE:SDFGn) which was down 3.86% to 16.055 in late trade, Bilfinger SE O.N. (DE:GBFG) which lost 2.50% to settle at 28.300 and Duerr AG (DE:DUEG) which was down 2.25% to 74.350 at the close.

The top performers on the TecDAX were Qiagen NV (DE:QGEN) which rose 2.72% to 24.000, Slm Solution G (DE:AM3D) which was up 1.62% to settle at 42.70 and Software AG O.N. (DE:SOWG) which gained 0.76% to close at 37.175.

The worst performers were Suess Microtec NA O.N. (DE:SMHNn) which was down 3.34% to 6.300 in late trade, SMA Solar Technology AG (DE:S92G) which lost 1.76% to settle at 27.280 and Telefonica Deutschland Holding AG (DE:O2Dn) which was down 1.63% to 3.632 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 547 to 342 and 27 ended unchanged.

Shares in Lufthansa AG VNA O.N. (DE:LHAG) fell to 3-years lows; down 3.10% or 0.319 to 9.966. Shares in Covestro AG (DE:1COV) rose to all time highs; rising 3.39% or 1.635 to 49.890. Shares in K+S AG NA O.N. (DE:SDFGn) fell to 3-years lows; falling 3.86% or 0.645 to 16.055. Shares in Lanxess AG (DE:LXSG) rose to 52-week highs; up 1.35% or 0.710 to 53.370. Shares in SMA Solar Technology AG (DE:S92G) fell to 52-week lows; down 1.76% or 0.490 to 27.280.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.89% to 19.59.

Gold for December delivery was down 1.05% or 14.15 to $1329.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 3.59% or 1.65 to hit $44.28 a barrel, while the December Brent oil contract fell 3.55% or 1.70 to trade at $46.23 a barrel.

EUR/USD was down 0.41% to 1.1208, while EUR/GBP fell 0.68% to 0.8613.

The US Dollar Index was up 0.26% at 95.46.

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