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Germany stocks lower at close of trade; DAX down 0.61%

Published 08/31/2016, 12:15 PM
Updated 08/31/2016, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.61%

Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Consumer & Cyclical, Media and Software sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.61%, while the MDAX index fell 0.94%, and the TecDAX index lost 0.66%.

The best performers of the session on the DAX were Commerzbank AG O.N. (DE:CBKG), which rose 3.38% or 0.206 points to trade at 6.306 at the close. Meanwhile, Deutsche Bank AG NA O.N. (DE:DBKGn) added 2.52% or 0.325 points to end at 13.210 and Muench. Rueckvers. VNA O.N. (DE:MUVGn) was up 1.03% or 1.650 points to 162.050 in late trade.

The worst performers of the session were Prosiebensat 1 Media AG (DE:PSMGn), which fell 3.01% or 1.195 points to trade at 38.560 at the close. Deutsche Boerse AG (DE:DB1Gn) declined 2.29% or 1.680 points to end at 71.630 and Adidas AG NA O.N. (DE:ADSGN) was down 2.14% or 3.250 points to 148.950.

The top performers on the MDAX were Deutsche Pfandbriefbank AG (DE:PBBG) which rose 1.85% to 8.71, Airbus Group SE (F:AIRG) which was up 1.27% to settle at 52.152 and Talanx AG NA O.N. (DE:TLXGn) which gained 1.00% to close at 26.200.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 7.53% to 5.39 in late trade, Wacker Chemie O.N. (DE:WCHG) which lost 3.47% to settle at 83.340 and STADA Arzneimittel VNA O.N. (DE:STAGn) which was down 2.55% to 48.140 at the close.

The top performers on the TecDAX were Siltronic AG (DE:WAFGn) which rose 4.47% to 19.275, Draegerwerk VZO O.N. (DE:DRWG_p) which was up 1.44% to settle at 62.740 and STRATEC Biomedical AG (DE:SBSG) which gained 1.32% to close at 55.850.

The worst performers were Slm Solution G (DE:AM3D) which was down 3.17% to 27.21 in late trade, SMA Solar Technology AG (DE:S92G) which lost 2.74% to settle at 31.420 and Nemetschek AG O.N. (DE:NEKG) which was down 2.15% to 53.360 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 535 to 345 and 23 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was up 0.86% to 18.88.

Gold for December delivery was down 0.31% or 4.05 to $1312.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 3.00% or 1.39 to hit $44.96 a barrel, while the November Brent oil contract fell 3.02% or 1.47 to trade at $47.26 a barrel.

EUR/USD was up 0.12% to 1.1156, while EUR/GBP fell 0.29% to 0.8494.

The US Dollar Index was down 0.04% at 96.01.

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