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Germany stocks lower at close of trade; DAX down 2.63%

Published 04/05/2016, 12:15 PM
Updated 04/05/2016, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 2.63%

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

At the close in Frankfurt, the DAX fell 2.63%, while the MDAX index lost 1.89%, and the TecDAX index lost 1.58%.

The best performers of the session on the DAX were Henkel AG & Co Kgaa Vzo (DE:HNKG_p), which rose 0.07% or 0.070 points to trade at 96.700 at the close. Meanwhile, Lufthansa AG VNA O.N. (DE:LHAG) fell 0.97% or 0.135 points to end at 13.775 and Adidas AG NA O.N. (DE:ADSGN) was down 1.06% or 1.100 points to 102.750 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 5.07% or 0.750 points to trade at 14.050 at the close. Continental AG O.N. (DE:CONG) declined 4.97% or 9.550 points to end at 182.700 and RWE AG ST O.N. (DE:RWEG) was down 4.83% or 0.565 points to 11.130.

The top performers on the MDAX were Deutsche Wohnen AG Inh (DE:DWNG) which rose 0.76% to 27.750, LEG Immobilien AG (DE:LEGn) which was up 0.70% to settle at 83.080 and Gerry Weber Internat.O.N. (DE:GWIG) which gained 0.53% to close at 12.245.

The worst performers were Elringklinger AG NA O.N. (DE:ZILGn) which was down 4.79% to 22.245 in late trade, Rheinmetall AG (DE:RHMG) which lost 4.61% to settle at 66.870 and Leoni AG NA O.N. (DE:LEOGn) which was down 4.61% to 27.490 at the close.

The top performers on the TecDAX were Carl Zeiss Meditec AG (DE:AFXG) which rose 5.60% to 28.640, Morphosys AG O.N. (DE:MORG) which was up 1.00% to settle at 44.300 and STRATEC Biomedical AG (DE:SBSG) which gained 0.03% to close at 43.415.

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The worst performers were LPKF Laser & Electronics (DE:LPKG) which was down 4.26% to 6.500 in late trade, Telefonica Deutschland Holding AG (DE:O2Dn) which lost 3.78% to settle at 4.535 and Adva Optical Networking SE (DE:ADAG) which was down 3.16% to 10.265 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 660 to 183 and 26 ended unchanged.

Shares in Deutsche Wohnen AG Inh (DE:DWNG) rose to 5-year highs; up 0.76% or 0.210 to 27.750. Shares in LEG Immobilien AG (DE:LEGn) rose to all time highs; gaining 0.70% or 0.580 to 83.080.

The DAX volatility index, which measures the implied volatility of DAX options, was up 8.68% to 23.42.

Gold for June delivery was up 0.88% or 10.70 to $1230.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.11% or 0.04 to hit $35.74 a barrel, while the June Brent oil contract rose 0.05% or 0.02 to trade at $37.71 a barrel.

EUR/USD was up 0.01% to 1.1391, while EUR/GBP rose 0.80% to 0.8046.

The US Dollar Index was unchanged 0.00% at 94.59.

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