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Germany stocks lower at close of trade; DAX down 1.90%

Published 04/16/2015, 12:15 PM
Updated 04/16/2015, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.90%

© Reuters. Germany stocks lower at close of trade; DAX down 1.90%

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Chemicals, Telecoms and Basic Resources sectors led shares lower.

At the close in Frankfurt, the DAX fell 1.90%, while the MDAX index fell 1.10%, and the TecDAX index declined 1.22%.

The best performers of the session on the DAX were RWE AG ST O.N. (XETRA:RWEG), which rose 0.26% or 0.065 points to trade at 25.120 at the close. Meanwhile, E.ON SE NA (XETRA:EONGn) added 0.07% or 0.010 points to end at 14.645 and Adidas AG NA O.N. (XETRA:ADSGN) was down 0.30% or 0.230 points to 76.030 in late trade.

The worst performers of the session were Lanxess AG (XETRA:LXSG), which fell 4.14% or 2.155 points to trade at 49.845 at the close. Commerzbank AG O.N. (XETRA:CBKG) declined 3.83% or 0.500 points to end at 12.565 and Deutsche Bank AG NA O.N. (XETRA:DBKGn) was down 3.73% or 1.230 points to 31.730.

The top performers on the MDAX were Rhoen-Klinikum O.N. (XETRA:RHKG) which rose 2.29% to 25.005, Airbus Group (XETRA:AIRG) which was up 1.69% to settle at 63.770 and Suedzucker Mannheim Ochsenfurt AG (XETRA:SZUG) which gained 1.69% to close at 11.755.

The worst performers were Kloeckner & Co SE NA (XETRA:KCOGn) which was down 3.86% to 9.487 in late trade, Kuka AG (XETRA:KU2G) which lost 3.81% to settle at 69.260 and MTU Aero Engines NA O.N. (XETRA:MTXGn) which was down 3.00% to 92.500 at the close.

The top performers on the TecDAX were Sartorius AG VZO O.N. (XETRA:SATG_p) which rose 3.88% to 139.200, SMA Solar Technology AG (XETRA:S92G) which was up 2.33% to settle at 14.690 and QSC AG NA O.N. (XETRA:QSCG) which gained 1.59% to close at 2.050.

The worst performers were Kontron AG O.N. (XETRA:KBCG) which was down 4.33% to 5.414 in late trade, Nordex SE O.N. (XETRA:NDXG) which lost 3.42% to settle at 19.465 and Dialog Semiconductor (XETRA:DLGS) which was down 2.64% to 41.970 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 553 to 175 and 37 ended unchanged.

Shares in Rhoen-Klinikum O.N. (XETRA:RHKG) rose to all time highs; rising 2.29% or 0.560 to 25.005. Shares in Sartorius AG VZO O.N. (XETRA:SATG_p) rose to all time highs; up 3.88% or 5.200 to 139.200.

The DAX volatility index, which measures the implied volatility of DAX options, was up 7.65% to 19.14.

Gold for June delivery was down 0.42% or 5.00 to $1196.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.44% or 0.25 to hit $56.14 a barrel, while the June Brent oil contract fell 0.31% or 0.20 to trade at $63.12 a barrel.

EUR/USD was up 0.49% to 1.0735, while EUR/GBP fell 0.01% to 0.7194.

The US Dollar Index was down 0.49% at 98.06.

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