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Germany stocks lower at close of trade; DAX down 0.43%

Published 07/28/2016, 12:15 PM
Updated 07/28/2016, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.43%

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Insurance, Technology and Chemicals sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.43%, while the MDAX index declined 0.61%, and the TecDAX index lost 0.75%.

The best performers of the session on the DAX were Adidas AG NA O.N. (DE:ADSGN), which rose 2.53% or 3.550 points to trade at 144.100 at the close. Meanwhile, Thyssenkrupp AG O.N. (DE:TKAG) added 2.21% or 0.440 points to end at 20.335 and Vonovia SE (DE:VNAn) was up 1.82% or 0.62 points to 34.92 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 4.30% or 0.535 points to trade at 11.910 at the close. Volkswagen AG VZO O.N. (DE:VOWG_p) declined 3.13% or 4.000 points to end at 123.700 and Bay.Motoren Werke AG ST (DE:BMWG) was down 3.05% or 2.390 points to 75.970.

The top performers on the MDAX were STADA Arzneimittel VNA O.N. (DE:STAGn) which rose 3.52% to 48.225, Deutsche Wohnen AG Inh (DE:DWNG) which was up 1.38% to settle at 32.990 and Hochtief AG (DE:HOTG) which gained 1.33% to close at 117.850.

The worst performers were Jungheinrich AG O.N.VZO (DE:JUNG_p) which was down 5.03% to 27.080 in late trade, Wacker Chemie O.N. (DE:WCHG) which lost 4.43% to settle at 83.610 and K+S AG NA O.N. (DE:SDFGn) which was down 3.41% to 18.680 at the close.

The top performers on the TecDAX were GFT Technologies AG (DE:GFTG) which rose 6.99% to 20.505, Siltronic AG (DE:WAFGn) which was up 2.57% to settle at 15.740 and Nemetschek AG O.N. (DE:NEKG) which gained 1.10% to close at 57.200.

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The worst performers were Suess Microtec NA O.N. (DE:SMHNn) which was down 9.86% to 6.262 in late trade, Nordex SE O.N. (DE:NDXG) which lost 5.10% to settle at 25.605 and Adva Optical Networking SE (DE:ADAG) which was down 4.18% to 7.980 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 513 to 362 and 24 ended unchanged.

Shares in Adidas AG NA O.N. (DE:ADSGN) rose to all time highs; gaining 2.53% or 3.550 to 144.100. Shares in Vonovia SE (DE:VNAn) rose to all time highs; gaining 1.82% or 0.62 to 34.92. Shares in Deutsche Wohnen AG Inh (DE:DWNG) rose to all time highs; gaining 1.38% or 0.450 to 32.990. Shares in Nemetschek AG O.N. (DE:NEKG) rose to all time highs; gaining 1.10% or 0.620 to 57.200.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.26% to 18.58.

Gold for December delivery was up 0.42% or 5.65 to $1340.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.48% or 0.62 to hit $41.30 a barrel, while the October Brent oil contract fell 1.12% or 0.49 to trade at $43.42 a barrel.

EUR/USD was up 0.23% to 1.1085, while EUR/GBP rose 0.83% to 0.8432.

The US Dollar Index was down 0.17% at 96.59.

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