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Germany stocks lower at close of trade; DAX down 1.94%

Published 05/03/2016, 12:15 PM
Updated 05/03/2016, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 1.94%

Investing.com – Germany stocks were lower after the close on Tuesday, as losses in the Technology, Utilities and Transportation & Logistics sectors led shares lower.

At the close in Frankfurt, the DAX fell 1.94%, while the MDAX index declined 1.10%, and the TecDAX index declined 1.06%.

The best performers of the session on the DAX were Beiersdorf AG O.N. (DE:BEIG), which rose 0.84% or 0.660 points to trade at 79.390 at the close. Meanwhile, Merck KGAA O.N. (DE:MRK) added 0.04% or 0.030 points to end at 80.860 and Henkel AG & Co Kgaa Vzo (DE:HNKG) was down 0.01% or 0.010 points to 99.810 in late trade.

The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 9.55% or 0.773 points to trade at 7.322 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 6.27% or 1.005 points to end at 15.025 and RWE AG ST O.N. (DE:RWEG) was down 6.02% or 0.770 points to 12.025.

The top performers on the MDAX were STADA Arzneimittel VNA O.N. (DE:STAGn) which rose 5.20% to 39.725, Stroeer SE (DE:SAXG) which was up 4.01% to settle at 44.100 and Hugo Boss AG NA O.N. (DE:BOSSn) which gained 2.76% to close at 57.650.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 4.64% to 5.26 in late trade, Deutsche Pfandbriefbank AG (DE:PBBG) which lost 3.42% to settle at 8.93 and Salzgitter AG O.N. (DE:SZGG) which was down 3.36% to 28.740 at the close.

The top performers on the TecDAX were Carl Zeiss Meditec AG (DE:AFXG) which rose 1.82% to 29.345, Bechtle AG O.N. (DE:BC8G) which was up 0.47% to settle at 92.120 and Telefonica Deutschland Holding AG (DE:O2Dn) which gained 0.47% to close at 4.446.

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The worst performers were Suess Microtec NA O.N. (DE:SMHNn) which was down 6.10% to 8.800 in late trade, Aixtron SE NA O.N. (DE:AIXGn) which lost 4.20% to settle at 4.171 and Dialog Semiconductor (DE:DLGS) which was down 3.01% to 29.815 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 719 to 202 and 23 ended unchanged.

Shares in STADA Arzneimittel VNA O.N. (DE:STAGn) rose to 52-week highs; up 5.20% or 1.965 to 39.725.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.79% to 22.97.

Gold for June delivery was down 0.51% or 6.60 to $1289.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 2.84% or 1.27 to hit $43.51 a barrel, while the July Brent oil contract fell 2.09% or 0.96 to trade at $44.87 a barrel.

EUR/USD was down 0.20% to 1.1511, while EUR/GBP rose 0.65% to 0.7912.

The US Dollar Index was up 0.34% at 92.84.

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