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Germany stocks lower at close of trade; DAX down 2.31%

Published 03/10/2016, 12:15 PM
Updated 03/10/2016, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 2.31%

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

At the close in Frankfurt, the DAX lost 2.31%, while the MDAX index lost 1.64%, and the TecDAX index lost 2.01%.

The best performers of the session on the DAX were Adidas AG NA O.N. (DE:ADSGN), which rose 1.29% or 1.240 points to trade at 97.570 at the close. Meanwhile, Infineon Technologies AG NA O.N. (DE:IFXGn) added 0.40% or 0.045 points to end at 11.320 and Deutsche Telekom AG Na (DE:DTEGn) was down 0.42% or 0.065 points to 15.295 in late trade.

The worst performers of the session were K+S AG NA O.N. (DE:SDFGn), which fell 10.42% or 2.300 points to trade at 19.775 at the close. Continental AG O.N. (DE:CONG) declined 5.23% or 10.200 points to end at 184.850 and Daimler AG NA O.N. (DE:DAIGn) was down 4.17% or 2.720 points to 62.560.

The top performers on the MDAX were DMG Mori Seiki AG (DE:GILG) which rose 4.07% to 38.355, LEG Immobilien AG (DE:LEGn) which was up 1.85% to settle at 75.260 and Fraport AG (DE:FRAG) which gained 1.25% to close at 52.520.

The worst performers were Hochtief AG (DE:HOTG) which was down 7.57% to 93.170 in late trade, Osram Licht AG (F:OSRn) which lost 4.48% to settle at 42.229 and Leoni AG NA O.N. (DE:LEOGn) which was down 4.09% to 27.640 at the close.

The top performers on the TecDAX were LPKF Laser & Electronics (DE:LPKG) which rose 3.29% to 7.689, Dialog Semiconductor (DE:DLGS) which was up 1.59% to settle at 31.240 and Evotec AG O.N. (DE:EVTG) which gained 1.28% to close at 3.237.

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The worst performers were Wirecard AG (DE:WDIG) which was down 8.09% to 32.000 in late trade, Freenet AG NA (DE:FNTGn) which lost 2.96% to settle at 27.170 and Nordex SE O.N. (DE:NDXG) which was down 2.93% to 25.640 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 604 to 243 and 32 ended unchanged.

Shares in Wirecard AG (DE:WDIG) fell to 52-week lows; falling 8.09% or 2.815 to 32.000.

The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 24.50.

Gold for April delivery was up 0.96% or 12.10 to $1269.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 1.83% or 0.70 to hit $37.59 a barrel, while the May Brent oil contract fell 2.56% or 1.05 to trade at $40.02 a barrel.

EUR/USD was up 1.60% to 1.1176, while EUR/GBP rose 0.75% to 0.7810.

The US Dollar Index was down 1.03% at 96.19.

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