Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Insurance, Utilities and Industrials sectors led shares lower.
At the close in Frankfurt, the DAX fell 2.93% to hit a new 52-week low, while the MDAX index lost 2.83%, and the TecDAX index lost 2.91%.
The best performers of the session on the DAX were Adidas AG NA O.N. (DE:ADSGN), which rose 2.33% or 2.030 points to trade at 89.050 at the close. Meanwhile, Infineon Technologies AG NA O.N. (DE:IFXGn) fell 0.19% or 0.020 points to end at 10.480 and Daimler AG NA O.N. (DE:DAIGn) was down 0.79% or 0.470 points to 58.830 in late trade.
The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 6.57% or 0.449 points to trade at 6.386 at the close. Deutsche Bank AG NA O.N. (DE:DBKGn) declined 6.14% or 0.895 points to end at 13.685 and Allianz SE VNA O.N. (DE:ALVG) was down 5.28% or 7.050 points to 126.550.
The top performers on the MDAX were Kion Group AG (DE:KGX) which rose 2.37% to 43.48, Aurubis AG (DE:NAFG) which was up 1.88% to settle at 38.815 and Leoni AG NA O.N. (DE:LEOGn) which gained 1.04% to close at 27.200.
The worst performers were Metro AG ST O.N. (DE:MEOG) which was down 6.62% to 23.055 in late trade, Tui AG NA (DE:TUIGn) which lost 5.63% to settle at 12.820 and Duerr AG O.N. (DE:DUEG) which was down 4.77% to 52.850 at the close.
The top performers on the TecDAX were PSI AG F.Pr.U.Sys. NA (DE:PSAGn) which rose 1.22% to 12.905, Morphosys AG O.N. (DE:MORG) which was up 0.98% to settle at 36.070 and Aixtron SE NA O.N. (DE:AIXGn) which lost 0.07% to close at 3.038.
The worst performers were BB Biotech AG (DE:BIONn) which was down 8.35% to 186.050 in late trade, Xing AG (DE:OBCGn) which lost 5.85% to settle at 139.900 and Adva Optical Networking SE (DE:ADAG) which was down 5.60% to 7.210 at the close.
Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 574 to 114 and 31 ended unchanged.
Shares in Daimler AG NA O.N. (DE:DAIGn) fell to 52-week lows; falling 0.79% or 0.470 to 58.830. Shares in Allianz SE VNA O.N. (DE:ALVG) fell to 52-week lows; losing 5.28% or 7.050 to 126.550. Shares in Metro AG ST O.N. (DE:MEOG) fell to 52-week lows; losing 6.62% or 1.635 to 23.055. Shares in Tui AG NA (DE:TUIGn) fell to 52-week lows; losing 5.63% or 0.765 to 12.820. Shares in Duerr AG O.N. (DE:DUEG) fell to 52-week lows; down 4.77% or 2.650 to 52.850.
The DAX volatility index, which measures the implied volatility of DAX options, was up 8.36% to 32.55 a new 3-years high.
Gold for April delivery was up 4.96% or 59.20 to $1253.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 1.51% or 0.41 to hit $27.04 a barrel, while the April Brent oil contract fell 1.36% or 0.42 to trade at $30.42 a barrel.
EUR/USD was up 0.58% to 1.1358, while EUR/GBP rose 1.04% to 0.7854.
The US Dollar Index was down 0.48% at 95.39.