Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Germany stocks lower at close of trade; DAX down 0.48%

Published 08/28/2020, 01:15 PM
Updated 08/28/2020, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.48%

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

At the close in Frankfurt, the DAX lost 0.48%, while the MDAX index declined 0.53%, and the TecDAX index lost 0.63%.

The best performers of the session on the DAX were Muench. Rueckvers. VNA O.N. (DE:MUVGn), which rose 1.68% or 4.05 points to trade at 245.30 at the close. Meanwhile, Vonovia SE (DE:VNAn) added 1.04% or 0.62 points to end at 60.02 and Allianz SE VNA O.N. (DE:ALVG) was up 0.95% or 1.75 points to 185.57 in late trade.

The worst performers of the session were Deutsche Post AG NA O.N. (DE:DPWGn), which fell 3.29% or 1.300 points to trade at 38.185 at the close. Fresenius Medical Care KGAA ST (DE:FMEG) declined 2.72% or 1.980 points to end at 70.910 and Bayer AG NA (DE:BAYGN) was down 2.65% or 1.50 points to 55.03.

The top performers on the MDAX were Grenke N AG (DE:GLJn) which rose 4.32% to 61.55, Commerzbank AG O.N. (DE:CBKG) which was up 2.73% to settle at 4.971 and Duerr AG (DE:DUEG) which gained 2.29% to close at 27.740.

The worst performers were K+S AG NA O.N. (DE:SDFGn) which was down 3.96% to 5.920 in late trade, Aixtron SE (DE:AIXGn) which lost 3.69% to settle at 9.790 and GEA Group AG (DE:G1AG) which was down 2.91% to 29.685 at the close.

The top performers on the TecDAX were LPKF Laser & Electronics (DE:LPKG) which rose 2.35% to 20.450, Pfeiffer Vacuum Technology O.N. (DE:PV) which was up 0.68% to settle at 163.00 and CompuGroup Medical AG O.N. (DE:COP1n) which gained 0.67% to close at 74.650.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The worst performers were Aixtron SE (DE:AIXGn) which was down 3.69% to 9.790 in late trade, New Work SE (DE:NWOn) which lost 2.33% to settle at 251.00 and Varta AG (DE:VAR1) which was down 2.00% to 127.400 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 382 to 280 and 91 ended unchanged.

Shares in Vonovia SE (DE:VNAn) rose to all time highs; rising 1.04% or 0.62 to 60.02.

The DAX volatility index, which measures the implied volatility of DAX options, was up 7.40% to 26.41.

Gold Futures for December delivery was up 2.12% or 41.05 to $1973.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.02% or 0.01 to hit $43.05 a barrel, while the November Brent oil contract rose 0.50% or 0.23 to trade at $45.83 a barrel.

EUR/USD was up 0.56% to 1.1887, while EUR/GBP fell 0.37% to 0.8920.

The US Dollar Index Futures was down 0.62% at 92.418.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.