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Germany stocks mixed at close of trade; DAX down 0.74%

Published 05/23/2016, 12:15 PM
Updated 05/23/2016, 12:15 PM
© Reuters.  Germany stocks mixed at close of trade; DAX down 0.74%

Investing.com – Germany stocks were mixed after the close on Monday, as gains in the Technology, Food & Beverages and Transportation & Logistics sectors led shares higher while losses in the Chemicals, Media and Telecoms sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.74%, while the MDAX index gained 0.02%, and the TecDAX index climbed 0.41%.

The best performers of the session on the DAX were Infineon Technologies AG NA O.N. (DE:IFXGn), which rose 1.44% or 0.180 points to trade at 12.665 at the close. Meanwhile, Adidas AG NA O.N. (DE:ADSGN) added 0.84% or 0.950 points to end at 114.050 and Lufthansa AG VNA O.N. (DE:LHAG) was up 0.81% or 0.100 points to 12.450 in late trade.

The worst performers of the session were Bayer AG NA (DE:BAYGN), which fell 5.72% or 5.120 points to trade at 84.420 at the close. Daimler AG NA O.N. (DE:DAIGn) declined 1.57% or 0.910 points to end at 56.920 and RWE AG ST O.N. (DE:RWEG) was down 1.48% or 0.170 points to 11.320.

The top performers on the MDAX were Steinhoff International Holdings NV (DE:SNHG) which rose 2.30% to 5.11, Suedzucker Mannheim Ochsenfurt AG (DE:SZUG) which was up 1.85% to settle at 16.535 and Stroeer SE (DE:SAXG) which gained 1.23% to close at 49.145.

The worst performers were Wacker Chemie O.N. (DE:WCHG) which was down 2.92% to 82.510 in late trade, Covestro AG (DE:1COV) which lost 2.36% to settle at 34.500 and Hella KGaA Hueck & Co (DE:HLE) which was down 1.76% to 32.58 at the close.

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The top performers on the TecDAX were Aixtron SE NA O.N. (DE:AIXGn) which rose 16.21% to 5.563, Slm Solution G (DE:AM3D) which was up 4.82% to settle at 25.00 and Dialog Semiconductor (DE:DLGS) which gained 4.47% to close at 27.920.

The worst performers were Telefonica Deutschland Holding AG (DE:O2Dn) which was down 2.83% to 4.084 in late trade, Nordex SE O.N. (DE:NDXG) which lost 1.66% to settle at 24.955 and Carl Zeiss Meditec AG (DE:AFXG) which was down 1.44% to 33.800 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 451 to 429 and 29 ended unchanged.

Shares in Bayer AG NA (DE:BAYGN) fell to 52-week lows; down 5.72% or 5.120 to 84.420. Shares in Daimler AG NA O.N. (DE:DAIGn) fell to 52-week lows; losing 1.57% or 0.910 to 56.920. Shares in Telefonica Deutschland Holding AG (DE:O2Dn) fell to 52-week lows; losing 2.83% or 0.119 to 4.084.

The DAX volatility index, which measures the implied volatility of DAX options, was up 2.11% to 22.76.

Gold for June delivery was down 0.43% or 5.45 to $1247.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 1.47% or 0.71 to hit $47.70 a barrel, while the July Brent oil contract fell 1.68% or 0.82 to trade at $47.90 a barrel.

EUR/USD was down 0.25% to 1.1195, while EUR/GBP rose 0.28% to 0.7746.

The US Dollar Index was up 0.15% at 95.43.

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