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Germany stocks lower at close of trade; DAX down 0.62%

Published 02/21/2020, 01:15 PM
Updated 02/21/2020, 01:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.62%

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

At the close in Frankfurt, the DAX lost 0.62%, while the MDAX index fell 0.66%, and the TecDAX index lost 0.83%.

The best performers of the session on the DAX were Allianz SE VNA O.N. (DE:ALVG), which rose 1.18% or 2.70 points to trade at 230.70 at the close. Meanwhile, RWE AG ST O.N. (DE:RWEG) added 1.15% or 0.390 points to end at 34.440 and E.ON SE NA (DE:EONGn) was up 1.12% or 0.126 points to 11.366 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 3.47% or 0.342 points to trade at 9.524 at the close. Covestro AG (DE:1COV) declined 2.96% or 1.220 points to end at 39.960 and Infineon Technologies AG NA O.N. (DE:IFXGn) was down 2.88% or 0.625 points to 21.100.

The top performers on the MDAX were Gerresheimer AG (DE:GXIG) which rose 2.43% to 71.700, Telefonica Deutschland Holding AG (DE:O2Dn) which was up 1.38% to settle at 2.645 and United Internet AG NA (DE:UTDI) which gained 1.19% to close at 32.430.

The worst performers were Hella KGaA Hueck & Co (DE:HLE) which was down 4.10% to 42.10 in late trade, Siltronic AG (DE:WAFGn) which lost 3.93% to settle at 101.550 and Commerzbank AG O.N. (DE:CBKG) which was down 3.41% to 6.520 at the close.

The top performers on the TecDAX were Drillisch AG (DE:DRIG) which rose 2.22% to 23.940, Telefonica Deutschland Holding AG (DE:O2Dn) which was up 1.38% to settle at 2.645 and United Internet AG NA (DE:UTDI) which gained 1.19% to close at 32.430.

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The worst performers were Siltronic AG (DE:WAFGn) which was down 3.93% to 101.550 in late trade, Varta AG (DE:VAR1) which lost 3.39% to settle at 82.600 and Infineon Technologies AG NA O.N. (DE:IFXGn) which was down 2.88% to 21.100 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 445 to 231 and 71 ended unchanged.

Shares in RWE AG ST O.N. (DE:RWEG) rose to 5-year highs; rising 1.15% or 0.390 to 34.440.

The DAX volatility index, which measures the implied volatility of DAX options, was up 8.85% to 17.10.

Gold Futures for April delivery was up 1.71% or 27.65 to $1648.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.80% or 0.43 to hit $53.45 a barrel, while the April Brent oil contract fell 1.45% or 0.86 to trade at $58.45 a barrel.

EUR/USD was up 0.71% to 1.0859, while EUR/GBP rose 0.01% to 0.8370.

The US Dollar Index Futures was down 0.61% at 99.172.

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