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Germany stocks lower at close of trade; DAX down 0.83%

Stock MarketsApr 11, 2018 12:15PM ET
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© Reuters. Germany stocks lower at close of trade; DAX down 0.83% – Germany stocks were lower after the close on Wednesday, as losses in the Construction, Industrials and Transportation & Logistics sectors led shares lower.

At the close in Frankfurt, the DAX fell 0.83%, while the MDAX index declined 0.79%, and the TecDAX index declined 0.19%.

The best performers of the session on the DAX were Deutsche Telekom AG Na (DE:DTEGn), which rose 2.18% or 0.295 points to trade at 13.850 at the close. Meanwhile, Volkswagen AG VZO O.N. (DE:VOWG_p) added 0.92% or 1.58 points to end at 173.16 and Prosiebensat 1 Media AG (DE:PSMGn) was up 0.51% or 0.150 points to 29.690 in late trade.

The worst performers of the session were Commerzbank AG O.N. (DE:CBKG), which fell 2.65% or 0.290 points to trade at 10.648 at the close. Deutsche Boerse AG (DE:DB1Gn) declined 2.58% or 2.950 points to end at 111.550 and Deutsche Lufthansa AG (DE:LHAG) was down 2.57% or 0.690 points to 26.190.

The top performers on the MDAX were Jungheinrich AG O.N.VZO (DE:JUNG_p) which rose 1.48% to 35.640, Suedzucker AG (DE:SZUG) which was up 1.46% to settle at 13.865 and Talanx AG NA O.N. (DE:TLXGn) which gained 0.66% to close at 36.500.

The worst performers were Steinhoff International Holdings NV (DE:SNHG) which was down 5.88% to 0.16 in late trade, Airbus Group SE (F:AIRG) which lost 2.83% to settle at 92.410 and Covestro AG (DE:1COV) which was down 2.75% to 79.120 at the close.

The top performers on the TecDAX were Cancom SE O.N. (DE:COKG) which rose 5.56% to 95.000, SLM Solutions Group AG (DE:AM3D) which was up 4.13% to settle at 32.75 and Jenoptik AG (DE:JENG) which gained 2.59% to close at 29.300.

The worst performers were RIB Software AG Na (DE:RIB) which was down 4.94% to 19.620 in late trade, S&T AG (F:SANT1) which lost 3.93% to settle at 19.560 and Siltronic AG (DE:WAFGn) which was down 3.69% to 142.200 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 453 to 239 and 83 ended unchanged.

Shares in Steinhoff International Holdings NV (DE:SNHG) fell to all time lows; down 5.88% or 0.01 to 0.16. Shares in Cancom SE O.N. (DE:COKG) rose to all time highs; gaining 5.56% or 5.000 to 95.000.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.63% to 19.07.

Gold Futures for June delivery was up 1.46% or 19.60 to $1365.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 2.37% or 1.55 to hit $67.06 a barrel, while the June Brent oil contract rose 1.98% or 1.41 to trade at $72.45 a barrel.

EUR/USD was up 0.22% to 1.2382, while EUR/GBP rose 0.05% to 0.8720.

The US Dollar Index Futures was down 0.20% at 89.14.

Germany stocks lower at close of trade; DAX down 0.83%

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