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Germany stocks lower at close of trade; DAX down 0.58%

Published 08/16/2016, 12:15 PM
Updated 08/16/2016, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.58%

Investing.com – Germany stocks were lower after the close on Tuesday, as losses in the Utilities, Retail and Pharmaceuticals & Healthcare sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.58%, while the MDAX index declined 0.79%, and the TecDAX index fell 1.04%.

The best performers of the session on the DAX were Linde AG O.N. (DE:LING), which rose 11.09% or 15.450 points to trade at 154.800 at the close. Meanwhile, Muench. Rueckvers. VNA O.N. (DE:MUVGn) added 0.44% or 0.700 points to end at 160.750 and Commerzbank AG O.N. (DE:CBKG) was up 0.26% or 0.015 points to 5.780 in late trade.

The worst performers of the session were Lufthansa AG VNA O.N. (DE:LHAG), which fell 2.88% or 0.310 points to trade at 10.465 at the close. E.ON SE NA (DE:EONGn) declined 2.42% or 0.211 points to end at 8.510 and Volkswagen AG VZO O.N. (DE:VOWG_p) was down 1.74% or 2.200 points to 124.150.

The top performers on the MDAX were Hugo Boss AG NA O.N. (DE:BOSSn) which rose 2.53% to 57.950, Lanxess AG (DE:LXSG) which was up 2.33% to settle at 47.890 and Salzgitter AG (DE:SZGG) which gained 1.28% to close at 28.450.

The worst performers were Leoni AG (DE:LEOGn) which was down 6.42% to 33.295 in late trade, Zalando SE (DE:ZALG) which lost 2.55% to settle at 36.30 and Axel Springer SE (DE:SPRGn) which was down 2.18% to 46.070 at the close.

The top performers on the TecDAX were Draegerwerk VZO O.N. (DE:DRWG_p) which rose 2.59% to 63.750, Evotec AG O.N. (DE:EVTG) which was up 1.90% to settle at 4.453 and Aixtron SE NA O.N. (DE:AIXGn) which gained 0.55% to close at 5.530.

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The worst performers were Slm Solution G (DE:AM3D) which was down 4.24% to 26.73 in late trade, United Internet AG NA (DE:UTDI) which lost 3.42% to settle at 37.590 and Xing AG (DE:OBCGn) which was down 2.49% to 189.550 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 661 to 230 and 23 ended unchanged.

Shares in Evotec AG O.N. (DE:EVTG) rose to 52-week highs; up 1.90% or 0.083 to 4.453.

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

Gold for December delivery was up 0.38% or 5.15 to $1352.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.55% or 0.71 to hit $46.45 a barrel, while the October Brent oil contract rose 1.45% or 0.70 to trade at $49.05 a barrel.

EUR/USD was up 0.86% to 1.1279, while EUR/GBP fell 0.30% to 0.8658.

The US Dollar Index was down 0.86% at 94.76.

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