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Germany stocks lower at close of trade; DAX down 0.94%

Stock MarketsOct 26, 2018 12:15PM ET
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© Reuters. Germany stocks lower at close of trade; DAX down 0.94% – Germany stocks were lower after the close on Friday, as losses in the Telecoms, Insurance and Technology sectors led shares lower.

At the close in Frankfurt, the DAX lost 0.94%, while the MDAX index lost 0.79%, and the TecDAX index lost 1.72%.

The best performers of the session on the DAX were Fresenius Medical Care KGAA ST (DE:FMEG), which rose 2.03% or 1.400 points to trade at 70.320 at the close. Meanwhile, Vonovia SE (DE:VNAn) added 0.99% or 0.40 points to end at 40.78 and Bayerische Motoren Werke AG (DE:BMWG) was up 0.70% or 0.520 points to 75.020 in late trade.

The worst performers of the session were Deutsche Bank AG NA O.N. (DE:DBKGn), which fell 3.40% or 0.300 points to trade at 8.520 at the close. RWE AG ST O.N. (DE:RWEG) declined 2.63% or 0.465 points to end at 17.245 and Covestro AG (DE:1COV) was down 2.41% or 1.300 points to 52.700.

The top performers on the MDAX were Kion Group AG (DE:KGX) which rose 6.45% to 49.66, Aroundtown Property Holdings PLC (DE:AT1) which was up 1.37% to settle at 7.410 and Sartorius AG VZO O.N. (DE:SATG_p) which gained 1.34% to close at 120.600.

The worst performers were Drillisch AG (DE:DRIG) which was down 10.19% to 35.060 in late trade, Siltronic AG (DE:WAFGn) which lost 6.16% to settle at 73.720 and Nemetschek AG O.N. (DE:NEKG) which was down 5.86% to 110.900 at the close.

The top performers on the TecDAX were Takkt AG O.N. (DE:TTKG) which rose 6.86% to 14.960, Tele Columbus AG (DE:TC1n) which was up 3.02% to settle at 3.25 and Dialog Semiconductor (DE:DLGS) which gained 2.97% to close at 19.7700.

The worst performers were SLM Solutions Group AG (DE:AM3D) which was down 7.32% to 13.68 in late trade, Sixt AG ST O.N. (DE:SIXG) which lost 5.51% to settle at 86.550 and SMA Solar Technology AG (DE:S92G) which was down 5.47% to 18.310 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 516 to 183 and 74 ended unchanged.

Shares in Deutsche Bank AG NA O.N. (DE:DBKGn) fell to 5-year lows; down 3.40% or 0.300 to 8.520. Shares in Covestro AG (DE:1COV) fell to 52-week lows; losing 2.41% or 1.300 to 52.700. Shares in Drillisch AG (DE:DRIG) fell to 52-week lows; falling 10.19% or 3.980 to 35.060. Shares in Siltronic AG (DE:WAFGn) fell to 52-week lows; losing 6.16% or 4.840 to 73.720. Shares in SLM Solutions Group AG (DE:AM3D) fell to all time lows; losing 7.32% or 1.08 to 13.68.

The DAX volatility index, which measures the implied volatility of DAX options, was down 4.29% to 21.17.

Gold Futures for December delivery was up 0.99% or 12.20 to $1241.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.18% or 0.12 to hit $67.45 a barrel, while the December Brent oil contract rose 0.51% or 0.39 to trade at $77.28 a barrel.

EUR/USD was up 0.29% to 1.1407, while EUR/GBP rose 0.14% to 0.8886.

The US Dollar Index Futures was down 0.35% at 96.12.

Germany stocks lower at close of trade; DAX down 0.94%

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