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Germany stocks lower at close of trade; DAX down 2.95%

Published 08/21/2015, 12:15 PM
Updated 08/21/2015, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 2.95%

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

At the close in Frankfurt, the DAX declined 2.95% to hit a new 6-months low, while the MDAX index fell 2.72%, and the TecDAX index fell 3.62%.

The best performers of the session on the DAX were Henkel AG & Co Kgaa Vzo (XETRA:HNKG_p), which fell 0.40% or 0.370 points to trade at 93.080 at the close. Meanwhile, Continental AG O.N. (XETRA:CONG) fell 1.25% or 2.400 points to end at 189.750 and Adidas AG NA O.N. (XETRA:ADSGN) was down 1.25% or 0.830 points to 65.480 in late trade.

The worst performers of the session were Lufthansa AG VNA O.N. (XETRA:LHAG), which fell 5.70% or 0.655 points to trade at 10.845 at the close. Fresenius SE & Co KGAA O.N. (XETRA:FREG) declined 5.31% or 3.400 points to end at 60.600 and RWE AG ST O.N. (XETRA:RWEG) was down 4.72% or 0.720 points to 14.545.

The top performers on the MDAX were Fielmann AG O.N. (XETRA:FIEG) which rose 1.11% to 57.250, Kabel Deutschland Holding AG O.N. (XETRA:KD8Gn) which was up 0.13% to settle at 120.000 and Leoni AG NA O.N. (XETRA:LEOGn) which lost 0.35% to close at 54.010.

The worst performers were Evonik Industries AG (XETRA:EVKn) which was down 4.45% to 31.750 in late trade, Airbus Group (XETRA:AIRG) which lost 3.80% to settle at 57.380 and Hannover Rueckversicherung SE (XETRA:HNRGn) which was down 3.72% to 90.770 at the close.

The top performers on the TecDAX were Nemetschek AG O.N. (XETRA:NEKG) which rose 2.74% to 29.760, Pfeiffer Vacuum Technology O.N. (XETRA:PV) which was up 0.19% to settle at 86.600 and QSC AG NA O.N. (XETRA:QSCG) which unchanged 0.00% to close at 1.844.

The worst performers were Sartorius AG VZO O.N. (XETRA:SATG_p) which was down 9.75% to 169.000 in late trade, SMA Solar Technology AG (XETRA:S92G) which lost 7.47% to settle at 30.655 and Nordex SE O.N. (XETRA:NDXG) which was down 5.88% to 23.065 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 683 to 62 and 42 ended unchanged.

Shares in Lufthansa AG VNA O.N. (XETRA:LHAG) fell to 52-week lows; falling 5.70% or 0.655 to 10.845. Shares in RWE AG ST O.N. (XETRA:RWEG) fell to all time lows; losing 4.72% or 0.720 to 14.545.

The DAX volatility index, which measures the implied volatility of DAX options, was unchanged 0.00% to 23.58 a new 1-month high.

Gold for December delivery was up 0.49% or 5.60 to $1158.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 2.47% or 1.02 to hit $40.30 a barrel, while the October Brent oil contract fell 2.43% or 1.14 to trade at $45.48 a barrel.

EUR/USD was up 1.06% to 1.1360, while EUR/GBP rose 0.94% to 0.7232.

The US Dollar Index was down 0.83% at 94.97.

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