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Germany stocks lower at close of trade; DAX down 0.25%

Published 03/28/2018, 12:15 PM
Updated 03/28/2018, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.25%

Investing.com – Germany stocks were lower after the close on Wednesday, as losses in the Technology, Basic Resources and Chemicals sectors led shares lower.

At the close in Frankfurt, the DAX declined 0.25%, while the MDAX index fell 0.55%, and the TecDAX index fell 2.85%.

The best performers of the session on the DAX were Beiersdorf AG O.N. (DE:BEIG), which rose 3.52% or 3.080 points to trade at 90.460 at the close. Meanwhile, Merck KGaA (DE:MRCG) added 2.52% or 1.92 points to end at 77.96 and Henkel & Co KGaA AG Pref (DE:HNKG_p) was up 2.01% or 2.10 points to 106.50 in late trade.

The worst performers of the session were Infineon Technologies AG NA O.N. (DE:IFXGn), which fell 4.01% or 0.900 points to trade at 21.560 at the close. Deutsche Lufthansa AG (DE:LHAG) declined 2.87% or 0.740 points to end at 25.020 and Commerzbank AG O.N. (DE:CBKG) was down 1.90% or 0.206 points to 10.644.

The top performers on the MDAX were Uniper SE (DE:UN01) which rose 2.42% to 24.940, Tag Immobilien AG (DE:TEGG) which was up 1.95% to settle at 16.710 and Talanx AG NA O.N. (DE:TLXGn) which gained 1.91% to close at 35.280.

The worst performers were Aurubis AG (DE:NAFG) which was down 3.43% to 65.860 in late trade, Salzgitter AG (DE:SZGG) which lost 3.39% to settle at 40.230 and Leoni AG (DE:LEOGn) which was down 2.92% to 51.180 at the close.

The top performers on the TecDAX were Freenet AG NA (DE:FNTGn) which rose 0.82% to 24.470, GFT Technologies AG (DE:GFTG) which was up 0.23% to settle at 13.000 and Telefonica Deutschland Holding AG (DE:O2Dn) which lost 0.03% to close at 3.749.

The worst performers were Dialog Semiconductor (DE:DLGS) which was down 13.14% to 19.977 in late trade, SMA Solar Technology AG (DE:S92G) which lost 11.07% to settle at 47.400 and Nordex SE O.N. (DE:NDXG) which was down 9.67% to 7.158 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 496 to 221 and 57 ended unchanged.

Shares in Tag Immobilien AG (DE:TEGG) rose to 5-year highs; gaining 1.95% or 0.320 to 16.710. Shares in Dialog Semiconductor (DE:DLGS) fell to 3-years lows; losing 13.14% or 3.023 to 19.977. Shares in Nordex SE O.N. (DE:NDXG) fell to 3-years lows; falling 9.67% or 0.766 to 7.158.

The DAX volatility index, which measures the implied volatility of DAX options, was up 5.00% to 20.65.

Gold Futures for April delivery was down 1.27% or 17.10 to $1324.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 2.11% or 1.38 to hit $63.87 a barrel, while the June Brent oil contract fell 1.90% or 1.32 to trade at $68.14 a barrel.

EUR/USD was down 0.46% to 1.2346, while EUR/GBP fell 0.15% to 0.8752.

The US Dollar Index Futures was up 0.56% at 89.46.

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