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Germany stocks lower at close of trade; DAX down 0.74%

Published 10/07/2016, 12:15 PM
Updated 10/07/2016, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.74%

Investing.com – Germany stocks were lower after the close on Friday, as losses in the Retail, Media and Transportation & Logistics sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.74%, while the MDAX index declined 1.32%, and the TecDAX index fell 0.81%.

The best performers of the session on the DAX were E.ON SE NA (DE:EONGn), which rose 3.77% or 0.229 points to trade at 6.309 at the close. Meanwhile, Thyssenkrupp AG O.N. (DE:TKAG) added 1.84% or 0.395 points to end at 21.825 and Adidas AG NA O.N. (DE:ADSGN) was up 0.88% or 1.350 points to 155.150 in late trade.

The worst performers of the session were RWE AG ST O.N. (DE:RWEG), which fell 7.37% or 1.065 points to trade at 13.395 at the close. Linde AG O.N. (DE:LING) declined 2.92% or 4.450 points to end at 147.800 and Continental AG O.N. (DE:CONG) was down 2.54% or 4.700 points to 180.550.

The top performers on the MDAX were Salzgitter AG (DE:SZGG) which rose 4.74% to 30.915, Deutsche Pfandbriefbank AG (DE:PBBG) which was up 1.20% to settle at 8.72 and Aareal Bank AG (DE:ARLG) which gained 0.47% to close at 30.080.

The worst performers were Covestro AG (DE:1COV) which was down 4.43% to 51.300 in late trade, Osram Licht AG (F:OSRn) which lost 4.37% to settle at 57.633 and Evonik Industries AG (DE:EVKn) which was down 4.22% to 29.610 at the close.

The top performers on the TecDAX were Dialog Semiconductor (DE:DLGS) which rose 2.81% to 38.040, Aixtron SE NA O.N. (DE:AIXGn) which was up 1.95% to settle at 5.760 and STRATEC Biomedical AG (DE:SBSG) which gained 0.89% to close at 53.270.

The worst performers were Nordex SE O.N. (DE:NDXG) which was down 3.40% to 25.970 in late trade, GFT Technologies AG (DE:GFTG) which lost 2.60% to settle at 17.805 and Wirecard AG (DE:WDIG) which was down 1.99% to 44.620 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 569 to 308 and 25 ended unchanged.

Shares in Salzgitter AG (DE:SZGG) rose to 52-week highs; up 4.74% or 1.400 to 30.915.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.79% to 19.24.

Gold for December delivery was down 0.16% or 1.95 to $1251.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 1.80% or 0.91 to hit $49.53 a barrel, while the December Brent oil contract fell 1.94% or 1.02 to trade at $51.49 a barrel.

EUR/USD was up 0.07% to 1.1157, while EUR/GBP rose 1.63% to 0.8982.

The US Dollar Index was up 0.18% at 96.83.

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