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Germany stocks lower at close of trade; DAX down 0.48%

Published 11/23/2016, 12:15 PM
Updated 11/23/2016, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.48%

© Reuters. Germany stocks lower at close of trade; DAX down 0.48%

Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Insurance, Media and Retail sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.48%, while the MDAX index fell 0.07%, and the TecDAX index lost 1.29%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 2.41% or 0.395 points to trade at 16.800 at the close. Meanwhile, Volkswagen AG VZO O.N. (DE:VOWG_p) added 1.99% or 2.400 points to end at 123.000 and Linde AG O.N. (DE:LING) was up 1.15% or 1.750 points to 153.300 in late trade.

The worst performers of the session were Continental AG O.N. (DE:CONG), which fell 2.24% or 3.750 points to trade at 163.400 at the close. Commerzbank AG O.N. (DE:CBKG) declined 1.74% or 0.121 points to end at 6.822 and Daimler AG NA O.N. (DE:DAIGn) was down 1.56% or 1.020 points to 64.500.

The top performers on the MDAX were Airbus Group SE (F:AIRG) which rose 2.12% to 59.752, Covestro AG (DE:1COV) which was up 1.48% to settle at 59.110 and MTU Aero Engines NA O.N. (DE:MTXGn) which gained 1.26% to close at 97.460.

The worst performers were Hella KGaA Hueck & Co (DE:HLE) which was down 2.80% to 33.82 in late trade, Leoni AG (DE:LEOGn) which lost 2.43% to settle at 30.855 and Steinhoff International Holdings NV (DE:SNHG) which was down 2.13% to 4.51 at the close.

The top performers on the TecDAX were SMA Solar Technology AG (DE:S92G) which rose 2.86% to 22.695, S&T AG (F:SANT1) which was up 1.44% to settle at 9.620 and Aixtron SE (F:AIXC) which gained 1.29% to close at 3.861.

The worst performers were Morphosys AG O.N. (DE:MORG) which was down 4.21% to 44.150 in late trade, CompuGroup Medical AG O.N. (DE:COPMa) which lost 3.69% to settle at 37.635 and Wirecard AG (DE:WDIG) which was down 2.39% to 42.950 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 543 to 345 and 26 ended unchanged.

Shares in Infineon Technologies AG NA O.N. (DE:IFXGn) rose to all time highs; up 2.41% or 0.395 to 16.800. Shares in Covestro AG (DE:1COV) rose to all time highs; rising 1.48% or 0.860 to 59.110. Shares in MTU Aero Engines NA O.N. (DE:MTXGn) rose to all time highs; up 1.26% or 1.210 to 97.460.

The DAX volatility index, which measures the implied volatility of DAX options, was down 0.47% to 18.81.

Gold for December delivery was down 1.93% or 23.35 to $1187.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.19% or 0.09 to hit $48.12 a barrel, while the January Brent oil contract rose 0.06% or 0.03 to trade at $49.15 a barrel.

EUR/USD was down 0.68% to 1.0553, while EUR/GBP fell 0.87% to 0.8478.

The US Dollar Index was up 0.62% at 101.72.

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