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Germany stocks lower at close of trade; DAX down 1.21%

Published 04/23/2015, 12:15 PM
Updated 04/23/2015, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.21%

© Reuters. Germany stocks lower at close of trade; DAX down 1.21%

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Construction, Insurance and Pharmaceuticals & Healthcare sectors led shares lower.

At the close in Frankfurt, the DAX lost 1.21%, while the MDAX index lost 0.96%, and the TecDAX index declined 0.73%.

The best performers of the session on the DAX were Volkswagen AG VZO O.N. (XETRA:VOWG_p), which rose 0.84% or 1.900 points to trade at 228.550 at the close. Meanwhile, Bay.Motoren Werke AG ST (XETRA:BMWG) added 0.23% or 0.250 points to end at 110.250 and Commerzbank AG O.N. (XETRA:CBKG) was down 0.08% or 0.010 points to 12.675 in late trade.

The worst performers of the session were Fresenius SE & Co KGAA O.N. (XETRA:FREG), which fell 2.41% or 1.320 points to trade at 53.540 at the close. Linde AG O.N. (XETRA:LING) declined 2.40% or 4.450 points to end at 180.750 and Infineon Technologies AG NA O.N. (XETRA:IFXGn) was down 2.35% or 0.275 points to 11.410.

The top performers on the MDAX were Aurubis AG (XETRA:NAFG) which rose 2.10% to 56.500, Kion Group AG (XETRA:KGX) which was up 1.87% to settle at 40.30 and DMG Mori Seiki AG (XETRA:GILG) which gained 1.08% to close at 31.255.

The worst performers were Bilfinger SE O.N. (XETRA:GBFG) which was down 17.78% to 47.375 in late trade, Wincor Nixdorf O.N. (XETRA:WING) which lost 3.97% to settle at 35.760 and Kloeckner & Co SE NA (XETRA:KCOGn) which was down 3.82% to 8.552 at the close.

The top performers on the TecDAX were Adva Optical Networking SE (XETRA:ADAG) which rose 9.28% to 5.120, Drillisch AG O.N. (XETRA:DRIG) which was up 2.05% to settle at 39.770 and Dialog Semiconductor (XETRA:DLGS) which gained 1.77% to close at 44.620.

The worst performers were Stratec Biomedical (XETRA:SBSG) which was down 5.65% to 47.355 in late trade, QSC AG NA O.N. (XETRA:QSCG) which lost 3.92% to settle at 1.815 and Xing AG (XETRA:OBCGn) which was down 3.81% to 153.900 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 518 to 217 and 31 ended unchanged.

Shares in Adva Optical Networking SE (XETRA:ADAG) rose to 52-week highs; gaining 9.28% or 0.435 to 5.120. Shares in Drillisch AG O.N. (XETRA:DRIG) rose to all time highs; rising 2.05% or 0.800 to 39.770. Shares in Dialog Semiconductor (XETRA:DLGS) rose to all time highs; up 1.77% or 0.775 to 44.620.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.05% to 21.94 a new 3-months high.

Gold for June delivery was up 0.35% or 4.20 to $1191.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 3.26% or 1.83 to hit $57.99 a barrel, while the June Brent oil contract rose 3.45% or 2.17 to trade at $64.89 a barrel.

EUR/USD was up 0.82% to 1.0813, while EUR/GBP rose 0.69% to 0.7183.

The US Dollar Index was down 0.71% at 97.55.

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