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Germany stocks lower at close of trade; DAX down 0.60%

Published 04/22/2016, 12:15 PM
Updated 04/22/2016, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.60%

Investing.com – Germany stocks were lower after the close on Friday, as losses in the Consumer & Cyclical, Telecoms and Technology sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.60%, while the MDAX index declined 0.48%, and the TecDAX index fell 0.58%.

The best performers of the session on the DAX were Thyssenkrupp AG O.N. (DE:TKAG), which rose 2.05% or 0.435 points to trade at 21.685 at the close. Meanwhile, Deutsche Boerse NA O.N. (DE:DB1Gn) added 0.90% or 0.670 points to end at 75.050 and RWE AG ST O.N. (DE:RWEG) was up 0.79% or 0.100 points to 12.780 in late trade.

The worst performers of the session were Daimler AG NA O.N. (DE:DAIGn), which fell 5.12% or 3.410 points to trade at 63.250 at the close. Beiersdorf AG O.N. (DE:BEIG) declined 1.76% or 1.420 points to end at 79.330 and Bay.Motoren Werke AG ST (DE:BMWG) was down 1.63% or 1.370 points to 82.780.

The top performers on the MDAX were Bilfinger SE O.N. (DE:GBFG) which rose 3.49% to 40.055, Osram Licht AG (F:OSRn) which was up 1.97% to settle at 45.695 and DMG Mori Seiki AG (DE:GILG) which gained 1.77% to close at 42.480.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 3.72% to 5.23 in late trade, Hella KGaA Hueck & Co (DE:HLE) which lost 2.55% to settle at 34.01 and Hugo Boss AG NA O.N. (DE:BOSSn) which was down 2.54% to 56.680 at the close.

The top performers on the TecDAX were Pfeiffer Vacuum Technology O.N. (DE:PV) which rose 2.06% to 96.000, Dialog Semiconductor (DE:DLGS) which was up 1.36% to settle at 32.080 and Bechtle AG O.N. (DE:BC8G) which gained 1.30% to close at 91.490.

The worst performers were Freenet AG NA (DE:FNTGn) which was down 3.30% to 26.690 in late trade, Xing AG (DE:OBCGn) which lost 2.80% to settle at 161.400 and Drillisch AG O.N. (DE:DRIG) which was down 2.76% to 35.980 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 484 to 388 and 37 ended unchanged.

Shares in DMG Mori Seiki AG (DE:GILG) rose to all time highs; rising 1.77% or 0.740 to 42.480.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.19% to 19.15.

Gold for June delivery was down 1.10% or 13.70 to $1236.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 1.62% or 0.70 to hit $43.88 a barrel, while the June Brent oil contract rose 1.66% or 0.74 to trade at $45.27 a barrel.

EUR/USD was down 0.56% to 1.1225, while EUR/GBP fell 0.96% to 0.7805.

The US Dollar Index was up 0.52% at 95.11.

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