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Germany stocks lower at close of trade; DAX down 0.87%

Published 01/25/2018, 12:15 PM
Updated 01/25/2018, 12:15 PM
© Reuters.  Germany stocks lower at close of trade; DAX down 0.87%

Investing.com – Germany stocks were lower after the close on Thursday, as losses in the Transportation & Logistics, Software and Consumer & Cyclical sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.87%, while the MDAX index declined 1.05%, and the TecDAX index fell 0.85%.

The best performers of the session on the DAX were Linde AG O.N. (DE:LING), which rose 2.41% or 4.40 points to trade at 187.35 at the close. Meanwhile, Commerzbank AG O.N. (DE:CBKG) added 1.44% or 0.194 points to end at 13.668 and Fresenius SE & Co KGAA O.N. (DE:FREG) was up 0.88% or 0.600 points to 69.000 in late trade.

The worst performers of the session were Deutsche Post AG NA O.N. (DE:DPWGn), which fell 2.88% or 1.150 points to trade at 38.830 at the close. Henkel & Co KGaA AG Pref (DE:HNKG_p) declined 1.78% or 2.00 points to end at 110.25 and Deutsche Lufthansa AG (DE:LHAG) was down 1.65% or 0.480 points to 28.590.

The top performers on the MDAX were Metro AG (DE:MEOG) which rose 1.59% to 11.805, Krones AG O.N. (DE:KRNG) which was up 1.14% to settle at 115.000 and Covestro AG (DE:1COV) which gained 0.90% to close at 94.000.

The worst performers were MTU Aero Engines NA O.N. (DE:MTXGn) which was down 3.32% to 145.70 in late trade, Steinhoff International Holdings NV (DE:SNHG) which lost 3.19% to settle at 0.48 and Airbus Group SE (F:AIRG) which was down 3.12% to 88.050 at the close.

The top performers on the TecDAX were Evotec AG O.N. (DE:EVTG) which rose 6.16% to 14.915, Draegerwerk VZO O.N. (DE:DRWG_p) which was up 2.96% to settle at 78.300 and Cancom SE O.N. (DE:COKG) which gained 1.89% to close at 75.500.

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The worst performers were Medigene NA O.N. (DE:MDG1k) which was down 9.55% to 16.190 in late trade, Software AG (DE:SOWG) which lost 8.96% to settle at 43.180 and Adva Optical Networking SE (DE:ADAG) which was down 3.60% to 6.700 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 501 to 219 and 91 ended unchanged.

Shares in Commerzbank AG O.N. (DE:CBKG) rose to 3-years highs; rising 1.44% or 0.194 to 13.668. Shares in Cancom SE O.N. (DE:COKG) rose to all time highs; up 1.89% or 1.400 to 75.500.

The DAX volatility index, which measures the implied volatility of DAX options, was up 3.97% to 13.99.

Gold Futures for February delivery was up 0.29% or 3.90 to $1360.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.81% or 0.53 to hit $66.14 a barrel, while the March Brent oil contract rose 0.74% or 0.52 to trade at $71.05 a barrel.

EUR/USD was up 0.61% to 1.2485, while EUR/GBP rose 0.41% to 0.8750.

The US Dollar Index Futures was down 0.52% at 88.56.

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